A companys financial records at the end of the year including the following amounts: Cash $ 71,200 Accounts receivable 29,200 Supplies 5,200 Accounts payable 11,200 Notes payable 5,600 Retained earnings, beginning of year 18,200 Common stock 52,000 Service revenue 45,200 Wages expense 9,200 Advertising expense 6,200 Rent expense 11,200 What is the amount of net income on the income statement for the year? $27,800. $18,600. $36,800. $91,000