1. Question Content Area

   As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $904,857 and liabilities of $267,087. During Year 2, stockholders invested an additional $28,098 and received $25,320 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $988,879 and liabilities were $231,076?

   $117,255

   $84,022

   $36,011

   $25,320