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? Provided services on account, $52,000. Incurred $35,000 of operating expense on account. Purchased $12,000 of supplies Paid $5,000 of its accounts payable. Performed $65,000 of work for cash Recognized $8,000 of supplies expense. Paid a cash dividend of $2,000 to the stockholders. Collected $19,000 of the revenue that was previously recorded on account. $82,000 $74,000 593,000 572,000 $70,000