13. This question is based on Patnode Inc.'s balance sheets at year end 2014 and 2015. During 2015, Patnode announced and paid dividends of $1,000, the only dividend-related activity during the year. What was its 2015 net income? $5,600 $3,600 $4,600 Cannot be estimated Patnode, Inc. Comparative Balance Sheet Note that amortization of the license asset has been shown as a separate line item only for ease of calculations. Dec 31, 2014 Dec 31, 2015 Change Dec 31, 2014 Dec 31, 2015 Change $31.000 22.000 18,000 $ 41,000 25.000 12.000 $ 78,000 $7.000 3.000 0.000) $4,000 15,000 $ 13,000 7,000 10.000 $ 30,000 Liabilities Current Liabilities Accounts payable Taxes payable Short-term debt Total current abilities Owners' Equity Common stock Retained earnings Total Liabilities & Owners' Equity $ 12,000 9,400 15,000 $ 30,400 Assets Current Assets Cash Accounts receivable Merchandise inventory Total current assets Non-Current Assets Machinery, at cost Less: Accumulated depreciation Machinery, net License, at cost Less: Amortization License, net Total Assets 5-1,000 2.400 5.000 $ 0.400 $ 74,000 $ 15.000 3.000 - 12.000 $ 10.000 3,000 7000 10,000 34,000 $ 83,000 22.000 38,600 $ 97,000 $ 10.000 1,000 0,000 $ 83.000 2.000 (2.000) $14,000 S 97.000 $14.000