At the end of its first year of opgrations, Lockerbie and Role Company has total assets of $3,000,000 and total liabilities of $1,200,000. The owner originally invested $200,000 in the business, but has not made any further investments or taken any withdrawals. What is the first year's net income for Lockerbie and Role Company? $1,600,000 b $3,000,000 C $1,800,000 d $1,000,000