During 2021, The Audit Company experienced a decrease in total assets of $16,300 and an increase in total liabilities of $11,400. Assuming that capital stock increased by $15,000 and no dividends were paid, calculate the company's net income or net loss for 2021. a. Net income of $19,900 b. Net loss of $42,700 Net income of $4,900 d. Net loss of $27,700

Durnig 2021, The Audit Company experienced a decrease in totat issets of 516,300 and an increase in total habititues of $11,400. Assuming that capitat stock increased by 515,000 and no dividends were paid, calculate the company's net income or net loss for 2021 . a. Net income of $19,900 b. Net loss of $42,700 c. Net income of $4,900 d. Net loss of \$27,700