3. Beacon Co. reported the following account balances (in thousands): Administrative expenses $ 86,000 Accounts receivable 125,000 Sales revenue 780,000 Selling expenses 45,000 Cost of goods sold 582,000 Cash dividends paid 30,000 How much is net income for Beacon Co.? A. $ 37,000 B. $112,000 C. $ 67,000 D. $123,000