Exhibit 2-1 Refer to Exhibit 2-1

question 35

Multiple Choice

Exhibit 2-1 $\begin{array}{lll}\text { Total Liabilities } & \text { Total Assets } & \\\$ 60,000 & \$ 100,000 & \text { Beginning of the year } \\\$ 325,000 & \$ 500,000 & \text { End of the year }\end{array}$

Refer to Exhibit 2-1. What is net income, assuming no stock was issued and dividends of $25,000 were paid?

• A) $110,000
• B) $150,000
• C) $160,000
• D) $200,000

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Definitions:

Aromatherapy

The use of natural oils extracted from flowers, bark, stems, leaves, roots or other parts of a plant to enhance psychological and physical well-being.

Respiratory Problems

Health issues related to the respiratory system, including diseases or conditions that affect breathing or lung function.

Asthma

A chronic respiratory condition that inflames and narrows the airways, causing difficulty breathing, wheezing, and coughing.

Ginseng

A plant root often used in traditional medicine, believed to boost energy, reduce stress, and promote overall health.