Question 36 0/3 points Jackson Company began the year by accepting cash of $80,000 from its owner as a capital contribution. The company recorded revenues of $740,000, expenses of $640,000, and paid withdrawals to the owner of $40,000. What was Jackson's net income for the year? 1) $140,000 2) $180.000 3) $60.000 4 $100,000 /line