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26. Tremendous Tire, Inc. gathered the following condensed data for the year ended December 31, 2021: Account Cost of Goods Sold Net Sales Selling
26. Tremendous Tire, Inc. gathered the following condensed data for the year ended December 31, 2021: Account Cost of Goods Sold Net Sales Selling Expenses Interest Expense Administrative Expenses Common Stock Dividends Paid Income tax percentage Amount (or percentage) $548,600 $695,500 $84,700 $12,500 $39,500 $5,000 30% Tremendous Tire's assets at the beginning of 2021 were $910,000, and the assets were $951,800 at the end of 2021. What did Tremendous Tire, Inc. report as net income on its 2021 income statement?
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