Blue Fin started the current year with assets of $719,000, liabilitics of $359,500 and common stock of $219,000. During the current year, assets increased by $419,000, liabilities decreased by $59,500 and common stock increased by $294,000. There was no payment of dividends to owners during the year. What was the amount of Blue Fin's net income for the year? Multiple Choice $234,500 $478,500 $184,500 $294,000