Question: 35. On December- 31, 2011, O'Keefe Corrpany's Assets and Liabilities were $66,000 and $15,000 respectively. On Decerrber' 31, 2012, the assets and liabilities were $94,000

35. On December- 31, 2011, O'Keefe Corrpany's Assets and Liabilities were $66,000 and $15,000 respectively. On Decerrber' 31, 2012, the assets and liabilities were $94,000 and $28,000 respectively. During 2012, the company issued $7,000 of additional stock, and paid $3,000 of dividends. Determine the conpany's net income 'For' 2012? A. $8,000 B. $11,000 C. $19,000 D $15,000

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