Below is the 2020 year-end adjusted trial balance for Happy Feet, an online shoe sales company. Based on the trial balance, what is net income for 2020? Happy Feet Adjusted Trial Balance December 31 DR CR Cash 67,400 46,000 50,000 Accounts Receivable Merchandise Inventory Office Supplies Accounts Payable Salaries Payable 800 16,000 5,850 Common Stock 45,000 75.530 Retained Earnings Dividends 5,000 Sales 500.000 Sales Returns and Allowances 24,500 4,250 332,450 49.000 Sales Discounts Cost of goods sold Sales website expense Office salaries expense Sales salaries expense Advertising expense Office rent expense 24.325 24 000 8.150 6.505 Tota 642390 642 380 0 a. $500,000 b. $75,530 c. $26,820 d. $138,800