Rittenhouse Orthopedics, a for-profit physician group, had an equity balance of $1.3 million at the beginning of 2019. At the end of 2019, its equity balance was $1.9 million

a. Assuming Rittenhouse did not pay out any dividends, what was its net income?

b. Assuming Rittenhouse paid out $200,000 in dividends, what was its net income?

c. Assuming Rittenhouse paid out $200,000 in dividends and sold $300,000 in common stock, what was its net income?