Timo Remaining:00 20150 A Hide Time Remaining A company had the following balance sheet amounts at the beginning of the year: Total assets $925,000 Total stockholders' equity $525,000 During the year, total assets increased by $450,000, total liabilities increased by $150,000, and dividends were paid in the amount of $125,000. No other transactions occurred except revenues and expenses (i.e. no changes in the stock account). How much is net income for the year? Show and label your work. Maximum number of characters (including HTML tags added by text editor): 32,000 Show Rich Text Editor and character count