Tom Company has the following reported balances at the end of the current year: revenues $400,000, prepaid salary expense $45,000, dividends declared and paid $15,000, loss on sale of land $10,000, rent expense $17,000, gain on sale of truck $4,000, supplies expense $12,000 and cost of goods sold $180,000. What is net income for the year? A. $220,000 B. $185,000 $170,000 D. $140,000 E. $125,000 mauitiare SARL.900 and c