WHATS THE NET ONCOME

A company reported the following balances at the end of Yr.1 & 2 Total Assets Total Liabilities $ $ 20X1 3,400,000 $ 1,600,000 $ 20X2 3,800,000 1,800,000 Transactions during 20X2: Dividend declared & paid Common stock issued $ $ 25,000 50,000 Calculate the Net income $ for 20X2