Smith Company had the following on the dates indicated:

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Smithhad no stock transactions in $2021$ so the change in stockholders' equity for $2021$ was due to net income and dividends. If dividends were $$60,000$ how much was Smithiset income for $2021$ Use the accounting equation and the statement of retained earnings.

A$.$ $$599,000$

B$.$ $$479,000$

C$.$ $$539,000$

D$.$ $$419,000$