Question 5 10 pts Your Corporation started a consulting business on January 1, 2021 by issuing $9,000 of common stock. What was net income for the year given the following events? Paid $65,000 for work that will be done later. Performed $24,000 of work for cash. Prepaid $18,000 for 12 months of rent. Incurred $22,000 of operating expense on account. Paid $5,000 of its accounts payable. Completed $27,000 of the prepaid work. Recognized $6,000 of rent expense. Paid a cash dividend of $2,000 to the stockholders. $18,000 $21,000 $11,000 $23,000 $29,000