Trio, Inc. reported retained earnings of $450,000 on December 31, 2018. During the year, Trio paid dividends of $63,538 and had an ending balance of retained earnings of $515,000 on December 31, 2019. The company had no other transactions that affected retained earnings. What was the net income for the period ending on December 31, 2019?

Group of answer choices

$10,000

($10,000)

$140,000

$130,000

None of these is correct.