Hofnim, Inc., had the following account balances in January 2023. What is Hofnim's net income for the month of January? Accounts Payable $ 9,900 Capital Stock 15,000 Cash 19,600 Equipment 19,100 Fees Earned 48,200 Miscellaneous Expense 9,200 Rent Expense 5,000 Retained Earnings 7,000 Wages Expense 12,300 a. $41,500 b. $18,400 c. $38,000 d. $21,700