Near the end of Year One, the Morganton Hardware Company buys five lawn mowers for sale by paying $300 each. The delivery cost to transport these items to the store was another $40 in total. In January of the following year, $60 more was spent to assemble all the parts and then clean the finished products so they could be placed in the company's showroom. On February 3, Year Two, one of these lawn mowers was sold for $500 cash. The company paid a final $25 to have this item delivered to the buyer. If no other transactions take place, what net income does the company recognize for Year Two? a) $175 b) $160 c) $155 d) $150