The following table contains financial information for HeelCo before closing entries: Cash $ 12,000 Deferred Revenue 500 4,500 2,000 10,000 Supplies Prepaid Rent Salaries Expense Equipment Service Revenue Miscellaneous Expense Dividends Accounts Payable Common Stock Retained Earnings 65,000 60,000 30,000 3,000 5,000 68,000 8,000 What is HeelCo's net income? Select one: O a $19,500 Ob $20,500 OC. $20,000 Od $17,000 e$16,500