Use the Following Information for Questions 144-146

Multiple Choice

Use the following information for questions 144-146.
Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $8,000 in expenses. Stahl made an additional investment of $3,000 and withdrew cash of $5,000 during the year.
-The net income reported by Stahl Consulting for the year was

A) $16,000.
B) $11,000.
C) $8,000.
D) $3,000.