A Company Reported the Following Asset and Liability Balances at the End

Multiple Choice

A company reported the following asset and liability balances at the end of 2013 and 2014: $$\begin{array} { l r r } & \underline { 2013 } & \underline { 2014 } \\\text { Assets } & \$ 150,000 & \$ 180,000 \\\text { Liabilities } & \$ 70,000 & \$ 80,000\end{array}$$ If the company paid dividends totaling $5,000, what is the amount of net income for 2014?

A) $20,000.
B) $105,000.
C) $80,000.
D) $25,000.