Information for Snow Inc.$\text{'}$s first year of operations is presented below:

Revenues

$$75,000$

$10,000$

$7,000$

Retained Earnings$\frac{12}{31}\frac{?}{20xx}$

Dividends

What was Snow's net income for the year?

A$.$ $$58,000$

B$.$ $$17,000$

C$.$ $$75,000$

D$.$ Cannot be determined from the information given.