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Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues

Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $8,000 in expenses. Stahl made an additional investment of $3,000 and withdrew cash of $5,000 during the year. The net income reported by Stahl Consulting for the year was:

A: 16000

B: 3000

C: 11000

D: 8000

Please answer "A" "B" "C" or "D" please.

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