2013 Total Assets $48 Total Liabilities ($17) Net Income $31. 2012 Total Assets $28 Total Liabilities ($5) Net Income $23 Compute the amount of Swit's net income or net loss during the year ended January 2013;
1. Swit issued $1 million of stock and paid no dividends
2. Swit issued no stock but paid dividends of $4 million
3. Swit issued $33 million of stock and paid dividends of $8 million