Carlos Santiago started a business to offer advertising services with a $25,000 cash investment. During its first year of registry operations Income (revenues) of $185,000 Expenses of $140,000 Withdrawals (drawings) of $10,000 What will be the net profit (net income) that you will report in the statement of income and expenses (income statement) in your first year of operations? Select one: O a. $45,000 O b. $35,000 Oc. $60,000 Od. $55,000