Stosch Company's balance sheet reported assets of $107,000, liabilities of $28,000 and common stock of $25,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $70,000 and Stosch paid a $27,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following?

A 54,000

B 16,000

C 43,000

D 27,000