Assume that a merchandising company provided the following beginning and ending budgeted balance sheets for a forthcoming month: Cash Accounts receivable Inventory Buildings and equipment Accumulated depreciation Total assets Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity Beginning Balances $ 30,000 13,000 20,000 100,000 (25,000) $ 138,000 $ 4,000 60,000 74,000 $ 138,000 Ending Balances $ 38,000 16,000 18,000 100,000 (30,000) $ 142,000 $ 5,000 60,000 77,000 $ 142,000 Assuming the company did not pay any dividends during the period, how much net income must be shown on the company's budgeted income statement? Multiple Choice $5,000 $3,000 $2,000 0 $4,000