The following data are extracted from the stockholders' equity section of the balance sheet of Guthrie Corporation: 12/31/13 12/31/14 Common stock ($1 par value). $50,000 $51,000 Paid-In capital in excess of par . 25,000 29,000 ..... Retained earnings 50,000 52,300 During 2020, the corporation declared and paid cash dividends of $7,500 and also declared and issued a 2% stock dividend amounting to $5,000. Net income for 2020 was O $2,300. O $9,800. O $10,800. O $14,800.