Your Company's balance sheet reported common stock of $3,000 and retained earnings of $23,000 on January 1, 2022. Retained earnings on the December 31, 2022 balance sheet was $28,000. The company paid a $2,000 dividend during the year. What was net income? $7,000 $2,000 $1,000 $5,000 Your Company's balance sheet reported common stock of $3,000 and retained earnings of $23,000 on January 1, 2022. Retained earnings on the December 31, 2022 balance sheet was $28,000. The company paid a $2,000 dividend during the year. What was net income? $7,000 $2,000 $1,000 $5,000