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Drexler Company had the following on the dates indicated: 1 2 / 3 1 / 2 0 2 2 1 2 / 3 1 /

Drexler Company had the following on the dates indicated:
12/31/2022
12/31/2021
Total assets
$750000
$520000
Total liabilities
$300000
$200000
Drexler had no share transactions in 2022, and thus, the change in shareholders' equity for 2022 was due to net income and dividends. If dividends were $50,000, how much was Drexler's net income for 2022? Use the accounting equation and the statements of retained earnings.
Question 22 options:
$130,000
$180,000
$100,000

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