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Waterway Industries began the year by issuing $113000 of common stock for cash. The company recorded revenues of $1109000, expenses of $973000, and paid dividends

Waterway Industries began the year by issuing $113000 of common stock for cash. The company recorded revenues of $1109000, expenses of $973000, and paid dividends of $58000. What was Waterway's net income for the year?

A. $78000

B. $136000

C. $191000

D. $249000

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