Sheridan Repair Shop started the year with total assets of $$315000$ and total liabilities of $$255000.$ During the year the business recorded $$634000$ in revenues, $$328000$ in expenses, and dividends of $$64000.$ The net income reported by Sheridan Repair Shop for the year was

Select answer from the options below

$$306000.$

$$242000.$

$$561000.$

$$178000.$