As of December 31, 2015, Lincolnshire Company had assets of $1,850,000 and liabilities of $570,000.  During 2016, the stockholders invested an additional $100,000 and paid dividends of $60,000 from the business.   What is the net income for the company during 2016, assuming that as of December 31, 2016, assets were $1,960,000, and liabilities were $510,000? Group of answer choices A) $170,000 B) $130,000 C) $210,000 D) $40.000

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Chapter1: Financial Statements And Business Decisions
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As of December 31, 2015, Lincolnshire Company had assets of $1,850,000 and liabilities of $570,000.  During 2016, the stockholders invested an additional $100,000 and paid dividends of $60,000 from the business.  

What is the net income for the company during 2016, assuming that as of December 31, 2016, assets were $1,960,000, and liabilities were $510,000?

Group of answer choices
A) $170,000
B) $130,000
C) $210,000
D) $40.000
 
 
 
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