Sparty Corporation has provided the following information for its most recent year of operation Revenues earned were $86,000, of which $7,000 were uncollected at the end of the year. Operating expenses incurred were $38,000, of which $7,000 were unpaid at the end of the year. Dividends declared were $20,000, of which $5,000 were unpaid at the end of the year. Income tax expense is $17,280. What is the amount of net income reported on Sparty's income statement? Multiple Choice O $17,920 O $30,720