The year-end financial statements of ABC Company contained the following elements and corresponding amounts: Element Amount Assets $20,000 Liabilities $4,000 Common Stock $10,000 Beginning Retained Earnings $1,000 Ending Retained Earnings $6,000 Revenue $8,000 Dividends $500 Based on this information, the amount of Net Income on ABC Company's Income Statement was: $4.500 $2.500 $5.500 55.000