Question 12 (4 points) Firehouse Corporation began the year with retained earnings of $100,000. During 2022, the company issued $80,000 of common stock for cash. The company recorded revenues of $750,000, expenses of $640,000, and paid dividends of $40,000. What was the company's net income for the year 2022? a) $110,000 (b) $180,000 O c) $140,000 O d) $100,000 O e) $60,000