The net income for the year (in thousands of dollars) was:

A) $18.
B) $40.
C) $410.
D) $110.

To calculate net income, we first determine the cost of goods sold (COGS) and then subtract it and other expenses from sales. COGS is calculated as follows: 1. Raw materials used = Beginning raw materials inventory + Purchases of raw materials - Ending raw materials inventory = $80 + $100 - $20 = $160.2. Total manufacturing costs = Raw materials used + Direct labor + Manufacturing overhead = $160 + $130 + $200 = $490.3. Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory = $490 + $40 - $10 = $520.4. COGS = Cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory = $520 + $130 - $150 = $500.Net income is then calculated as: Sales - COGS - Administrative expenses - Selling expenses = $910 - $500 - $160 - $140 = $110.