Atlas Financial Services Assignment | College Homework Help

The total assets and the total liabilities of Atlas Financial Services are shown below. The company issued no common stock and paid no dividends during the year. Total Assots Total Liabilities Beginning of year $405,000 $295,000 End of year 455,000 305,000 What was the amount of net income for the year? OA. 550,000 O B. $40,000 OC 510,000 OD. 560,000