Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) Issued stock for $56,000 2) borrowed $33,000 from its bank 3) provided consulting services for $55,000 cash 4) paid back $23,000 of the bank loan 5) paid rent expense for $13,000 6) purchased equipment for $20,000 cash 7) paid $3,800 dividends to stockholders 8) paid employees' salaries of $29.000 What is Yowell's net income for Year 17 Multiple Choice o $42,000 O $9,200 O $13,000 O $25,200