The following items are taken from the financial statements of the Freight Service for the year ending December 31, 2021: Accounts payable Accounts receivable $19,000 13,000 Accumulated depreciation-equipment 26,000 Advertising expense 21,200 Cash 15,000 Owner's capital (1/1/16) 104,000 Owner's drawings 11,000 Depreciation expense 12,000 Insurance expense 3,800 Note payable, due 6/30/17 72,000 Prepaid insurance (12-month policy) 7,200 Rent expense 16,000 Salaries & wages expense 32,000 Service revenue 135,000 Supplies 5,000 Supplies expense Equipment 6,000 210,000 What is the company's net income for the year ending December 31, 2016? $44,000 O $14,000 $33,000 $135,000