Question 1 2 pts Beck Company had the following accounts and balances at the end of the year. What is net income or net loss for the year? Cash $74,000 Accounts Payable $12,000 Common Stock Cost of Goods Sold $21,000 $88,000 Dividends Declared and Paid $12,000 Operating Expenses $16,000 Accounts Receivable $0 Inventory $0 Long-term Notes Payable $33,000 Revenues $98,000 Salaries Payable $26,000 net loss of $6,000 net income of $91,000 net loss of $13,000 net income of $75,000