A company had the following assets and liabilities at the beginning and end of the current year: Assets Liabilities Beginning of year $ 428,000 $ 176.000 End of the year 490,000 150,000 Common stock in the amount of $30.000 was issued and dividends of $10.000 were paid during the year. What is the amount of net income for the year? OA S88,000. OB $68,000. OC S48,000. OD. S108,000.