Given the following information, determine net income. The capital balance on January 1, 2016, equals $25,000; investments and withdrawals during 2016 total $53,000 and $28,350, respectively; and the capital balance at December 31, 2016, equals $64,850.
a. $15,200
b. $41,500
c. $43,550
d. None of these choices are correct
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