Enloe Corp. was formed as a corporation in 20X1. The following is a list, in alphabetical order, of its accounts and their respective balances at 12/31/X1: Account Name: Balance: Accounts Payable $ 15,000 Accounts Receivable Cash Cost of Goods Sold Common Stock Dividends Equipment Note Payable Rent Expense Salaries Expense Sales Revenue Supplies Supplies Expense Utilities Expense 40,000 8,000 70,000 30,000 3,000 75,000 20,000 12,000 50,000 200,000 3,000 4.000 3,000 TA Note Payable Rent Expense Salaries Expense Sales Revenue Supplies 20,000 12,000 50,000 200,000 3,000 4,000 Supplies Expense Utilities Expense 3,000 Question: Based on the above balances, what should be the company's Net Income for 20X1? Select one: O a. $ 101,000 O b. $ 64,000 O c. $ 91,000 O d. $ 61,000 e. $131,000