1) is the bottom line of the Income Statement A) Net income B) receivables C) expenses D) capital 2) is equal to revenues minus expenses. A) Notes Payable B) receivables C) expenses D) Net income 3) The following are the current month's balances for Toys Galore: What is the net income for Toys Galore for the current month? A) $15,000 B) $8,250 C) $11,750 D) $10,000