The Ranier Company reported the following items on its financial statements for the year ending December 31, 2012:

Sales	$ 560,000	Cost of goods sold	$400,000
Salary expense	40,000	Interest expense	30,000
Dividends	20,000	Income tax expense	25,000

The income statement for Ranier will report net income for the current year in the amount of

a. $45,000

b. $65,000

c. $85,000

d. $465,000