Business, 22.09.2020 21:01 WANEES13

The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the year, $50,000 of dividends were paid and $35,000 cash received in exchange for common stock. Assets Liabilities Beginning of year $295,000 $190,000 End of year 355,000 220,000 The amount of net income for the year was Group of answer choices $45,000 $40,000 $85,000 $135,000

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The total assets and the total liabilities of a business at the beginning and at the end of the year...

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