Your Corporation started a consulting business on January 1, 2021 by issuing $7,000 of common stock. What was net income for the year given the following events? Incurred $25,000 of operating expense on account. Purchased $12,000 of supplies. Provided services on account, $36,000. Collected $19,000 of the revenue that was previously recorded on account. Performed $45,000 of work for cash. Recognized $6,000 of supplies expense. Paid a cash dividend of $2,000 to the stockholders. Paid $5,000 of its accounts payable.

Group of answer choices

$50,000

$69,000

$56,000

$44,000

$48,000