Cash Accounts receivable Supplies Inventory Land HONEST RON'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2022 $ 5,000 Accounts payable 20,000 Salaries payable 1,000 Mortgage payable 170,000 Total liabilities 100,000 Shareholders' equity $ 30,000 10,000 130,000 $170,000 Building $100,000 Common shares $140,000 Less: Accum. Depreciation 20,000 80,000 Retained earnings 96.000 Trademark $ 40,000 Less: Accum. Amortization 10.000 30.000 Total assets Total shareholders' equity Total liabilities and $406.000 shareholders' equity 236.000 $406.000 Assume that the firm opened its business on January 1, 2022. Also, assume that the dividend was not declared during the year of 2022. What is the net income amount on the income statement? $170,000. $ 96,000. $ 20,000. $ 40,000