The total assets and the total liabilities of Sounds Good enterprise at the beginning and at the end of the year are stated below. During the year, $15,000 of dividends were paid and $12,500 of additional capital stock was issued. Beginning of year.............. assets: $300,000 liabilities: $208,000 End of year............................ asset: $405,000 liabilities: $300,900

The amount of net income for the year was:

a)$-400

b)$12,100

c)$14,600

d)$12,500

I know the answer is c but how do I get there?