The following items are taken from the financial statements of the Splish Service for the year ending December 31, 2020:

Accounts payable	$ 17900
Accounts receivable	11200
Accumulated depreciation equipment	27700
Advertising expense	21000
Cash	14900
Owners capital (1/1/20)	41500
Owner's drawings	13800
Depreciation expense	12000
Insurance expense	3100
Note payable, due 6/30/21	71300
Prepaid insurance (12-month policy)	5800
Rent expense	17000
Salaries and wages expense	32200
Service revenue	130800
Supplies	4100
Supplies expense	6000
Equipment	223600

What is the companys net income for the year ending December 31, 2020?

$15700

$130800

$25700

$39500