A company reports the following balances: 12/31/2022 Common Stock $15,000 Paid-in Capital in Excess of Par 93,000 Retained Earnings 69,000 During 2023, dividends of $17,000 were declared and paid. What is net income for 2023? OA. $24,000 OB. $7,000 OC. $17,000 O D. $10,000 12/31/2023 $160,000 114,000 76,000

A company reports the following balances: During 2023, dividends of $17,000 were declared and paid. What is net income for 2023 ? A. $24,000 B. $7,000 C. $17,000 D. $10,000