1 question

When Brasilia Co. went ino business in 2016, it issued $16,000 of common stock. No more stock has been issued since that time. At December 31, 2018, Brasilia had $8,000 in retained earnings. At December 31, 2019, Brasilia had $37,000 in total assets and $11,000 in total liabilities. How much was net income if the company paid $5,000 in dividends during 2019? O A $7,000 O B $29,000 O C $24,000 O D $17,000 O E None of the above