Golden Enterprises started the year with the following: Assets $119,000; Liabilities $41,000; Common Stock $71,000; Retained Earnings $7,000. During the year, the company earned revenue of $6,300, all of which was received in cash, and incurred expenses of $3,650, all of which were unpoid as of the end of the year. In addition, the company paid dividends of $2,300 to owners. Assume no other activities occurred during the yeat. The amount of Golden's net income for the year is: Multiple Choice $2.650 52,300 $3,650 $6,300