Chapter $1$

Stockman Company had the following on the dates indicated:

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Stnckman had no stock transactions in $2021,$ so the change in stockholders' equity for $2021$ was due to net income and dividends. If dividends were $$90,000,$ how much was Stockman's net income for $20$hat$(2)1?$ Use the accounting equation and the statement of retained earnings.

A$.$ $$380,000$

Data table

B$.$ $$290,000$

C$.$ $$110,000$

D$.$ $$200,000$

$\backslash$table$[[,12/31/21,12/31/20],[$Total assets,$$,525,000,$$$,310,000],[$Total liabilities,,$39,000,,24,000]]$