Alpha began the year with $140,000 in its Common Stock account and a credit balance in Retained Earnings of $66,000. During the year, the company declared and paid $10,000 of dividends and sold (issued) additional common stock amounting to $16,000. Based on this information, if the ending balance for Stockholders' Equity is $235,000, what was net income for the year?

Group of answer choices

$25,000

$22,000

$24,000

The correct answer is not listed.

$23,000