Golden Enterprises started the year with the following: Assets $117,000; Liabilities $40,500; Common Stock $70,500; Retained Earnings $6,000. During the year, the company earned revenue of $6,200, all of which was received in cash, and incurred expenses of $3,600, all of which were unpaid as of them end of the year. In addition, the company paid dividends of $2,200 to owners. Assume no other activities occurred during the year The amount of Golden's net income for the year is: Multiple Choice $4200 $3800 $2300 $2.800