15) Anchor Corporation has provided the following information for its most recent year of operation: Revenues earned were $59,400, of which $5,800 were uncollected at the end of the year. Operating expenses incurred were $23,800, of which $4,600 were unpaid at the end of the year. Dividends declared were $7,000, of which $2,200 were unpaid at the end of the year. Income tax expense is $10,680. What is the amount of net income reported on Anchor's income statement? A) $20,720 B) $24,920 C) $20,020 D) $24,140

15) Anchor Corporation has provided the following information for its most recent year of operation: Revenues earned were $59,400, of which $5,800 were uncollected at the end of the year. Operating expenses incurred were $23,800, of which $4,600 were unpaid at the end of the year. Dividends declared were $7,000, of which $2,200 were unpaid at the end of the year. Income tax expense is $10,680. What is the amount of net income reported on Anchor's income statement? A) $20,720 B) $24,920 C) $20,020 D) $24,140