A companys financial records at the end of the year including the following amounts:

What is the amount of net income on the income statement for the year?

$39,350.

$21,450.

$90,250.

$30,350.

Cash	$	70,900
Accounts receivable		28,900
Supplies		4,900
Accounts payable		10,900
Notes payable		5,450
Retained earnings, beginning of year		17,900
Common stock		49,000
Service revenue		47,150
Wages expense		8,900
Advertising expense		5,900
Rent expense		10,900