Question $22(1$ point$)$

Kennedy Company issued stock to Ed Kennedy in exchange for his investment of $$25,000$ cash in the business. The company recorded revenues of $$185,000,$ expenses of $$140,000,$ and had paid dividends of $$10,000.$ What was Kennedy's net income for the year?

Question $22$ options:

$$35,000.$

$$45,000.$

$$55,000.$

$$60,000.$