After you revise your net income answer (see the example question in this section), the president tells you that he has since talked with other directors of the business and realized that he was wrong about the cash dividends. Now he’s fairly certain that $750,000 cash dividends were paid to shareowners during 2021 and that the business issued additional capital stock shares for $5,000,000. Based on this additional information, what amount of net income did the business earn in 2021?