Arizona Company has the following information available for the month ofApril:

Sales $100,000

Cost of goods sold $60,000

Interest expense $2,000

Income tax expense $1,000

Wages expense $12,000

Dividends declared $3,000

Equipment purchased $20,000

Rent expense $4,000

The company uses the accrual basis of accounting. What is the net income for the month ofApril?

A.

$21,000

B.

$22,000

C.

$24,000

D.

$27,000