[The following information applies to the questions displayed below A company started the year with the following: Assets $123,000; Liabilities $42,000; Common Stock $72,000; Retained Earnings $9,000. During the year, the company earned revenue of $6,500, all of which was received in cash, and incurred expenses of $3,750, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $2,500 to owners. Assume no other activities occurred during the year value 2.00 points Required information What was the amount of net income for the year? O $2.500 O $6.500 O $2750 $3750