During the year, revenues were $100,000, expenses were $40,000 and dividends were $2,000. At the beginning of the year, assets were $200,000 and common stock was $250,000. What is net income for the year? A $58,000 B $60,000 $62,000 D $138,000 E $140,000 F $100,000 It cannot be determined from the information given