California Company Opened for Business on April 1 Under Accrual Basis Accounting,what Is the Net Income for the the Activity

California Company opened for business on April 1.Given below is the activity of the company for the month of April.
$\begin{array} { l } \text { Owners invested cash in business}&\$40,000 \\ \text { Credit sales}&\$ 160,000\\ \text {Cash sales }&\$ 20,000\\ \text {Cost of goods sold }&\$124,000 \\ \text { Cash purchases of inventory}&\$50,000 \\ \text {Credit purchases of inventory }&\$100,000 \\ \text { Cash collections from credit customers}&\$75,000 \\ \text {Cash payment for credit purchases of inventory }&\$44,000 \\ \text { Cash borrowed on note payable }&\$54,000 \\ \text { Equipment purchased for cash}&\$ 18,000\\ \text { Cash dividend paid}&\$14,000 \\ \text {Wages earned and paid }&\$28,000 \\ \text {Wages earned and unpaid }&\$4,000 \\ \text {Rent paid for April, May and June }&\$ 6,000\\\end{array}$

Under accrual basis accounting,what is the net income for the month of April?

A) $8,000
B) $12,000
C) $18,000
D) $22,000