The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, $100,000 of dividends were paid and $45,000 cash received in exchange for common stock. Beginning of year End of year Assets $295,000 355,000 Liabilities $190,000 220,000 The amount of net income for the year was $135,000 $85,000 $45,000 $40,000