10. Net income 2. The following relate to Farr Corporation for the month of April: Sales Revenue $140,000 Gain on the Sale of Land $20,000 Cost of Goods Sold $75,000 Tax Expense $14,000 Advertising Expense $10,000 Dividends Paid $7,000 Loss on Lawsuit $24,000 1. Determine Farr's gross profit for the month of April. 2. Determine Farr's net income for the month of April. 3. If retained earnings at the beginning of April were $1,500,000, what would retained earnings be at the end of April? 3. Maverick Company has the following accoun Show that