Stosch Company's balance sheet reported assets of $132,000, liabilities of $33,000 and common stock of $30,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2 amount to $90,000 and Stosch paid a $32,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following