A companys financial records at the end of the year included the following amounts: Cash $ 70,100 Accounts Receivable 28,100 Supplies 4,100 Accounts Payable 10,100 Notes Payable 5,050 Retained Earnings, beginning of year 17,100 Common Stock 41,000 Service Revenue 52,350 Wages Expense 8,100 Advertising Expense 5,100 Rent Expense 10,100 What is the amount of net income on the Income Statement for the year? Multiple Choice a $46,150 b $29,050 c $37,150 d $88,250