The following information pertains to the next four questions. At the beginning of 2010, X Company had assets of $300, liabilities of $150, and common stock of $50. During 2010 the company earned revenue of $400, incurred expenses of $250, and paid dividends of $100. All transactions were cash transactions. the amount of net income reported on the 2010 income statement would be? a. 400 b. 150 c. 50 d. none of the above