The balance of the owner's capial account at the beginning of the year and the end of the year was 550,000 and 563,000 , retpectively, The company had no addbinal capital investments during the year. The owner withdrew. $24,000. What was the net income or loss for the yoar? A. Net income of 537,000 B. Net loss of $37,000 C. Nat income of $87,000 D. Net loss of 587,000