Colby Corporation Has Provided the Following Information

Colby Corporation has provided the following information:
Operating revenues were $199,700.
Operating expenses were $111,000.
Interest expense was $9,200.
Gain from sale of plant and equipment was $3,300.
Dividend payments to Colby's stockholders were $7,700.
Income tax expense was $36,000.
How much was Colby's net income?

A) $39,100
B) $48,300
C) $52,700
D) $46,800