Question $3$

$1pts$

A Company had total assets and total liabilities at the beginning of the period of $$7,300,000$ and $$4,000,000,$ respectively. At the end of the period the totals were $$8,000,000($total assets$)$ and $$3,600,000($total liabilities$).$ The company issued Common Stock for $$600,000$ and paid dividends of $$250,000.$ What was the net income for the period if there were no other changes affecting Stockholders' Equity

$$750,000$

$$250,000$

$$350,000$

$$500,000$