A company began the accounting period with $50,000 in owner’s capital, ended with $75,000 in owner’s capital, and the owner withdrew $30,000 during the period for personal use. What was the company’s net income or loss for the period?

a. $55,000 net income

b. $30,000 net loss

c. $5,000 net loss

d. $5,000 net income

e. none of the options listed