Use the Following Information for Questions

Multiple Choice

Use the following information for questions
Saira's Service Shop started the year with total assets of $150,000 and total liabilities of $120,000.During the year, the business recorded $315,000 in revenues, $165,000 in expenses, and paid dividends of $30,000.
-The net income reported by Saira's Service Shop for the year was

A) $120,000.
B) $150,000.
C) $90,000.
D) $285,000.