Exhibit 2-1 out of Total Liabilities Total Assets $300,000 $800,000 ve flag $130,000 Beginning of the year End of the year $550,000 was issued Refer to Exhibit 2-1. Determine the net income (or loss), assuming no stock and dividends of $40,000 were paid? Select one: O a. $290,000 O b. $40,000 O c. $120,000 d. $210,000 incorrect