Saved Help Save & Exit Sip Construction Company has the following account balances reported on its financial statements on December 31, 2019. In addition, the company did not issue any common stock during 2019. All accounts on financial statements have been adjusted and reported. 180 Equipment (net) $550 Deferred revenue 135 Salaries expense 60 Depreciation for the year 65 Common stock 60 Supplies 100 Notes payable Service revenue 330 Cash 100 Dividend paid during the year 5 Retained earnings ? Required: Please choose the best answer for the following three questions based on the above information What is the net income reported in 2019? $200 O $205 O $130 $265 What is the balance of total assets on December 31, 2019? O $885 O $685 O $750 O $825