Suppose that at the beginning of January, $2027,$ Sunland Company had a balance in its Retained Earnings account totaling $$42800.$ At

the end of the year, the balance totaled $$48800.$ If $$10800$ of dividends were declared and paid during the year, how much was net

income during $2027?$

$$53600$

$$16800$

$$4800$

$$6000$