TIROTICIRCUTTITYTT-ETI Time The accountant for Scott Industries prepared the following list of account balances from the company's rect the year ended December 31. Fees earned 5165,000 Cash $30.000 Accounts receivable 16,000 Selling expenses 44.000 Equipment 64,000 Common stock 47.000 Accounts payable 12,000 interest revenue 3,000 Salaries & wages expense 40,000 Income taxes expense 18.000 Income taxes payable 5,000 Rent expense 20,000 Compute the net income for the year. Select one: a $46,000 b. $215,000 Oc $165,000 d. $168,000 Ce $47,000 op