Score for this attempt: 6.5 out of 10 Submitted May 19 at 8:34pm This attempt took 186 minutes. Incorrect Question 1 070.5 pts The balance sheet for Pitchfork Company at December 31, 20X1 indicated that total assets were $100,000 and total liabilities were $36,500. At December 31, 20x2 total assets had increased to $180,000 and total liabilities were $73,500. During 20x2, Sparky issued $25,000 in new common stock and paid an $18,000 dividend. There were no other changes in equity other than Net Income for 20x2. Given this information, determine Net Income for the year ended December 31, 20x2 (ignore taxes): *When recording your answer, do not use any symbols like dollar signs or commas. Example: if your answer is $7,500, you would enter it as 7500. Use this format for all fill in the blank responses. 21800