Vaughn Consulting started the year with total assets of $ 60100 and total liabilities of $ 14100. During the year, the business recorded $ 47000 in consulting revenues and $ 30900 in expenses. Vaughn made an additional investment of $ 9900 and withdrew cash of $ 16000 during the year. The net income reported by Vaughn Consulting for the year was:

A: $16100

B: $7700

C: $23700

D: $100