Your Corporation started a consulting business on January 1, 2021 by issuing $9,000 of common stock. What was net income for the year given the following events? Prepaid $72,000 for 12 months of rent. Performed $98,000 of work for cash. Recorded $18,000 of operating expense on account. Your Corporation was paid $80,000 for work that will be done later. Paid $9,000 of its accounts payable. Recognized $26,000 of rent expense. Paid a cash dividend of $6,000 to the stockholders Completed $35,000 of the prepaid work. $83,000 $80,000 $89,000 $97,000 $25,000