At January 1, 2020 Versace Inc. had $90,000 of assets and $10,000 of current liabilities and no long-term liabilities. The company had issued stock when it was first formed in 2014 for $10,000, and no stock had been issued since that time. During 2020, Versace paid dividends of $6,000. How much was its net income for 2020 if the company ended the year with $88,000 in stockholders' equity? $78,000 $64,000 $4,000 $14,000 O None of the above