Dynamic Production Services started the year with total assets of $130,000 and total liabilities of $50,000. The company is a sole proprietorship. The revenues and the expenses for the year amounted to $100,000 and $60,000, respectively. During the year, there were no new capital contributions and the owner withdrew $45,000. Calculate Dynamic's net income for the year.

		$130,000
		$40,000
		$100,000
		$60,000