The Tread Companys December 31 financial statements reported the following (in millions): Sales $22,737 Cost of sales $16,458 Cash $50,000 All other expenses (excluding cost of sales) $4,353 Accumulated Depreciation $12,000

What did Tread Company report for net income (or net loss) for the year ending December 31?

a.

$51,926

b.

$1,426

c.

$39,926

d.

$1,926