F1 25 of 25 Sofia Company has the following reported balances at the end of the current year: revenues-$100,000, rent expense-$40,000, dividends paid- $12,000, loss on sale of truck-$2,000, salary expense-$19,000, gain on sale of land-$9,000, and prepaid insurance-$8,000. What should be reported by this company as its net income for the year? O $48,000 O $40,000 o $28,000 O $36,000