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Stosch Company's balance sheet reported assets of $50,000, liabilities of $25,000 and common stock of $5,000 as of December 31, Year 1. If Retained Earnings

Stosch Company's balance sheet reported assets of $50,000, liabilities of $25,000 and common stock of $5,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $18,000 and Stosch paid a $14,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following?

A) $17,000

B) $19,000

C) $12,000

D) $21,000

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