ative Daves Consultants had the following balance sheet amounts at the beginning of the year:

Total assets	$400,000
Total owners' equity	150,000

During the year, total assets increased by $100,000 and total liabilities increased by $40,000. The company also paid $30,000 in dividends. No other transactions occurred except revenues and expenses. How much is net income for the year?

	a.	$30,000
	b.	$90,000
	c.	$60,000
	d.	$70,000

Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000. If Sawaddee's total liabilities increased by $31,000 and its owners equity decreased by $53,000 during the year, what was the amount of its total assets at the end of the year?

	a.	$242,000
	b.	$198,000
	c.	$472,000
	d.	$428,000