Minnis Limited Reported Cash Flow from Operations of $103,000 for the Year.A

Minnis Limited reported cash flow from operations of $103,000 for the year.A review of the company's balance sheet and income statement also showed the following: $\begin{array}{ll}\text { Amortization expense for the year } & \$ 37,000 \\\text { Increase in accounts receivable } & \$ 19,000 \\\text { Decrease in inventory } & \$ 30,000 \\\text { Decrease in accounts payable } & \$ 30,000\\\end{array}$ What was Minnis's net income for the year?

A) $66,000
B) $85,000
C) $121,000
D) $159,000