Use Exhibit 2.1 to answer the questions: Exhibit 2.1. ABC Company had the following accounts and balances at the end of the year. $12,000 Accounts Payable $50,000 Equipment Cash $74,000 Inventory $25,000 Common Stock $21,000 Long-Term Debt $33,000 Cost of Goods Sold $85,000 Revenues $200,000 Dividends $8,000 Salaries Expono $24,000 Refer to Exhibit 2.1. Net income for ABC Company for the year was: A $83,000 . 391,000 C. $115.000 D $175,000