A financial analyst at RMO Manufacturing Corporation has assembled the following the following data for the last fiscal year .All data is in millions(M). Gross sales $12M Internet expenses $0.5M Returns and allowances $1M Taxes $0.1M Cost of goods sold $3M Cash dividends $0.4M Operating expenses $3M Common stack $1M What is the net income or loss for the RMO Manufacturing Corporation for the last fiscal year? A. Net income of 4M B.Net loss of $5M C.Net loss of $4M D.Net income of $5M