Sheffield Corp. began the year with retained earnings of $116000. During 2022, the company issued $79000 of common stock for cash. The company recorded revenues of $760000, expenses of $661000, and paid dividends of $45000. What was Sheffield's net income for the year 2022?

Sheffield Corp. began the year with retained earnings of $116000. During 2022, the company issued $79000 of common stock for cash. The company recorded revenues of $760000, expenses of $661000, and paid dividends of $45000. What was Sheffield's net income for the year 2022? $133000 $99000 $54000 $178000