Information for Snow Inc.'s first year of operations is presented below: Revenues $75,000 Retained Earnings 12/31/20XX 20,000 Dividends 8,000 What was Snow's net income for the year? OA. $75,000 OB. $28,000 O C. $47,000 O D. Cannot be determined from the information given.

Information for Snow Inc.'s first year of operations is presented below: What was Snow's net income for the year? A. $75,000 B. $28,000 C. $47,000 D. Cannot be determined from the information given