ACCT 2401-A company started the year with the following

BACKGROUND.A company started the year with the following:Assets- $106,000; Liabilities- $36,000; Contributed Capital- $66,000; Retained Earnings- $4,000.During the year, the company earned revenue of $5,600, all of which was received in cash, and incurred expenses of $3,300, all of which was unpaid as of year end. In addition, the company paid dividends of $1,600 to owners. Assume no other activities occurred during the year.QUESTION(a) What was the amount of net income for the year?$5,600$2,300$3,300$1,600(b) The amount of retained earnings at the end of the year is?$6,300$9,600$1,600$4,700(c) The amount of liabilities at the end of the year is?$38,300$33,700$36,000$39,300