At the end of the accounting period of Year 1, Mark Company has Assets of $700,000 and Liabilities of $400,000. During Y

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At the end of the accounting period of Year 1, Mark Company hasAssets of $700,000 and Liabilities of $400,000. During Year 2, MarkCompany issued $75,000 of additional Capital Stock and paid $24,000in cash Dividends. What is the amount of Net Income during Year 2,assuming that at the end of Year 2, Mark Company has Assets of$850,000 and Liabilities of $450,000.