2 balance sheet is

$38,000

and Stosch paid a

$19,000

dividend during Year 2 . What is the amount of net income for Year 2 ?\ Multiple Choice\

$19,000

\

$27,000

\

$8,000

\

$30,000

Stosch Company's balance sheet reported assets of $67,000, liabilities of $20,000 and common stock of $17,000 as of December 31 , Year 1 . Retained earnings on the December 31 , Year 2 balance sheet is $38,000 and Stosch paid a $19,000 dividend during Year 2 . What is the amount of net income for Year 2 ? Multiple Choice $19,000 $27,000 $8,000 $30,000