12) The following information is contained in partial financial statements for the year ended December 31, 2010: $5,200 600 3,700 1,460 50 Sales.. Inventory, January 1, 2010 Purchases of inventory Operating expenses. Dividends declared Retained carings, January 1, 2010 Capital stock, January 1, 2010... Retained carnings, December 31, 2010.. Capital stock, December 31, 2010.... 790 1,400 920 1,600 No adjustments for prior events (i.e. prior period adjustments) or for any other unusual items were made to retained earnings during the year ended December 31, 2010. Based on the above information, the net income for the year ended December 31, 2010, is: A) $ 90 B) $130 C) $180 D) $330 E) $390