The financial records for Harold Corporation included the following information: Accounts receivable, $60,000 Accounts payable, $20,000 Cash, $25,000 Common stock, $10,000 Dividends. $10,000 Insurance expense, $5,000 Salaries and wages expense, $50,000 Sales revenue, $120,000 Based on this information, how much was its net income? $75,000 $140,000 $65.000 $70,000 $55,000