George's business started with an opening capital of $50,000 and eventually had $75,000 in closing capital. The owner withdrew $30,000 for his own...

George's business started with an opening capital of $50,000 and eventually had $75,000 in closing capital. The owner withdrew $30,000 for his own expense during the same year. How much in Net Income or Loss did the business make?

A.     $55,000 net income

B.     $30,000 net loss

C.     $5,000 net loss

D.     $5,000 net income

E.     none of the options listed