If you could explain/show how you came to your answer that would be great!

Listed below are the account balances of the Grahamm Corporation:

Accounts Payable	$ 75,000
Cash	100,000
Common Stock	200,000
Dividends	10,000
Land	170,000
Miscellaneous Expense	10,000
Service Revenue	147,000
Equipment	130,000
Note Payable due in 90 days	60,000
Long-Term Debt	15,000
Salary Expense	87,000

Net Income (Net Loss) is:

A. $60,000

B. $40,000

C. ($18,000)

D. $50,000