The balance of Morgan, Capital a the beginning of the year and the end of the year was $45,000 and $84,000, respectively. There were no new capital contributions during the year. Owner withdrawals were $25,000. What was the net income or loss for the year? 0 A. O B. C. 0 D. Net loss of $89,000 Net income of $44,000 Net loss of S44 ,000 Net income of $89,000