Please help with the question below:

Astoria Company had the following transactions during the month of August Year 1:

Cash received from bank loans was $23,000. Dividends of $9,800 were paid to stockholders in cash. Revenues earned and received in cash amounted to $36,500 Expenses incurred and paid were $27,500. What amount of net income will be reported on an income statement for the month of August?

Multiple Choice

$0

$23,000

$36,500

$9,000