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Plumbers-on-the-Go Ltd.started the year with total assets of $120,000 and total liabilities of $75,000.During the year, the business recorded $82,000 in service revenues, $45,000 in expenses, and paid dividends of $2,500.
-The net income reported for the year was
A)$34,500.
B)$37,000.
C)$45,000.
D)$82,000.

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Use the following information for questions 
Plumbers-on-the-Go Ltd.started the year with total assets of $120,000 and total liabilities of $75,000.During the year, the business recorded $82,000 in service revenues, $45,000 in expenses, and paid dividends of $2,500.
-The net income reported for the year was
A)$34,500.
B)$37,000.
C)$45,000.
D)$82,000.

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The Answer of Use the following information for questions 
Plumbers-on-the-Go Ltd.started the year with total assets of $120,000 and total liabilities of $75,000.During the year, the business recorded $82,000 in service revenues, $45,000 in expenses, and paid dividends of $2,500.
-The net income reported for the year was
A)$34,500.
B)$37,000.
C)$45,000.
D)$82,000.

Use the Following Information for Questions