The changes in account balances for Cedar Company for 2019 are as follows: Assets $480,000 debit Common stock 250,000 credit Liabilities 160,000 credit Paid-in capitalexcess of par 30,000 credit Assuming the only changes in retained earnings in 2019 were for net income and a $50,000 dividend, what was net income for 2019? Question 17 options: A) $40,000 B) $60,000 C) $90,000 D) $70,000