Magee Corporation provided the following summary balance sheet information:
		Dec. 31, 20X1		Dec. 31, 20X2
Total assets		$1,500,000		$2,300,000
Total liabilities		700,000		1,400,000
Compute net income for the year ending December 31, 20X2, under each of the following independent scenarios:
(a)	Magee paid no dividends, and no additional capital was raised via share issuances.
(b)	Magee paid $100,000 in dividends, and no additional capital was raised via share issuances.
(c)	Magee paid no dividends, but raised $250,000 via issuances of additional shares of stock.
(d)	Magee paid $100,000 in dividends, and raised $250,000 via issuances of additional shares of stock.