The changes in account balances for Elder Company for 2018 are as follows: Assets Common stock Liabilities Paid-in capital-excess of par $ 680.000 debit 350,000 credit 190,000 credit 30,000 credit Assuming the only changes in retained earnings in 2018 were for net Income and a $50,000 dividend, what was net income for 2018? Multiple Choice $150,000 $140,000 $160,000 $170,000