18 2 points
As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $940,000 and liabilities of $300,000. During Year 2,
stockholders invested an additional $73,000 and received $33,000 in dividends from the business. What is the amount of net income during Year 2,
assuming that as of December 31, Year 2, assets were $995,000, and liabilities were $270,000?
$370,000
$50,000
$45,000
$106,000