At the end of the year a company's adjusted trial balance showed the following amounts: Cash Accounts Receivable Supplies Accounts Payable Notes Payable Retained Earnings, beginning of year Common Stock Service Revenue Wages Expense Advertising Expense Rent Expense $70, 100 28,100 4,100 10,100 5,050 17,100 41,000 52,350 8,100 5,100 10,100 What is the amount of net income on the income statement for the year? o $46,150. o $88,250. o $37150. o S29.050