On January $1,2013,$ Cat Power Company reported stockholders' equity of $$470,000.$ During the year, the company paid dividends of $$20,000.$ At December $31,2013,$ the amount of stockholders' equity was $$550,000.$ What amount of net income or net loss would the company report for $2013?$

Question $25$ options:

Net loss of $$20,000$

Net income of $$60,000$

Net income of $$80,000$

Net income of $$100,000$