recorded revenues of $$1,100,000,$ expenses of $$960,000,$ and paid dividends of $$60,000.$ What was Lankston's net income for the year?

a$.$ $$80,000$

b$.$ $$200,000$

c$.$ $$140,000$

d$.$ $$260,000$

$9.$ A balance sheet shows

a$.$ revenues, liabilities, and stockholders' equity.

b$.$ expenses, dividends, and stockholders' equity.

c$.$ revenues, expenses, and dividends.

d$.$ assets, liabilities, and stockholders' equity.

$10.$ Jimmy's Repair Shop started the year with total assets of $$300,000$ and total liabilities of $$240,000.$ During the year the business recorded $$630,000$ in revenues, $$330,000$ in expenses, and dividends of $$60,000.$ The net income reported by Jimmy's Repair Shop for the year was

a$.$ $$240,000.$

b$.$ $$300,000.$

c$.$ $$180,000.$

d$.$ $$570,000.$

$11.$ Elston Company compiled the following financial information as of December $31,2017$:

$\backslash$table$[[$Service revenue,$$840,000$