Question 42 2.5 pts The total assets and the total liabilities of Ty Williams Financial Services, are shown below. During the year, the proprietor made no additional capital contributions, and took drawings of $15,000 Assets Liabilities $395,000 Beginning of $290,000 year End of year 455,000 320,000 What was the amount of net income for the year? $85,000 $40,000 $45,000 $135,000