Stosch Company's balance sheet reported assets of $87,000, liabilities of $24,000 and common stock of $21,000 as of December 31, 2015. If Retained Earnings on the December 31, 2016 balance sheet is $54,000 and Stosch paid a $23,000 dividend during 2016, then the amount of net income for 2016 was which of the following? $23,000 $42,000 $12,000 $35,000