The total assets and the total liabilities of Salhiya Financial Services, are shown below. There were no capital contributions and withdrawals during the year. Assets Liabilities Beginning of year $425,000 $280,000 End of year 500,000 235,000 What was the amount of net income for the year? Select one: O $120,000 $30,000 O $265,000 O $45,000 O $75,000