Golden Enterprises started the year with the following: Assets $107,000; Liabilities $37000; Common Stock $67,000; Retained Earnings $3,000. During the year the company earned revenue of $5,700, all of which was received in cash, and incurred expenses of $3,350, all of which were unpaid as of the end of the year In addition, the company paid dividends of $1,700 to owners. Assume no other activities occurred during the year What was the amount of Golden's net income for the year? Multiple Choice $1,700 $2,350 $5,700 $3,350