1 Point Celena's bakery, a sole proprietorship owned by Celana Smith, was started on January 01, 2017, by Melanie Palm with an investment of $60,000 cash. It has been operating for 5 years. Over the course of this time, Smith invested $45,000 more into her business, and withdrew a total of $30,000. The following balances are as of December 31, 2021: Cash: $55,000 Accounts Receivable: $23,000 Equipment & Supplies: $74,000 Accounts Payable: $21,500 Owner's equity: $130,500 What is the total net income earned by the business over the period of January 01, 2017, to December 31, 2021? $ 35,500 B $ 152,000 C $25,500 D $ 42,000