Mankin Corporation started the year with total assets of $$60,000,$ total liabilities of $$40,000,$ and retained earnings of $$18,000.$ During the year, the business recorded $$100,000$ in revenues, $$70,000$ in expenses, and the company paid dividends of $$15,000.$

The net income reported by Mankin for the year was:

Select one:

A$.$

$$180,000$

B$.$

$ $40,000$

C$.$

$ $50,000$

D$.$

$ $30,000$

E$.$

None of the above