Stosch Company's balance sheet reported assets of $62,000, liabilities of $19,000 and common stock of $16,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $34,000 and Stosch paid a $18,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following?

a. 18,000

b.27000

c. 7000

d. 25000