Common Stock Interest Payable Land Short - term Investments Income Taxes Payable Equipment Supplies Service Revenue Supplies Expense Utilities Expense Income Tax Expense $23,000 $1,500 $40,000 $5,000 $10,000 $59,500 $5,000 $103,000 $19,000 $10,500 $12,000 What is net income? O A. $40,000 B. $61,500 O c. $23,000 O D. $103,000