3. In Owl Companys Annual Report, which of these financial statements show their 3 comparative years, one on top of another (top to bottom), not in side-by-side columns? a. Statement of Stockholders Equity b. Statement of Financial Position c. Statement of Cash Flows d. Statement of Income e. All of these financial statements show their comparative years in side-by-side columns.

At year-end, the following information is available from the Fox Co. Adjusted Trial Balance (Accounts are in random order, but assume Normal Account Balances):

Equipment $200,000 Accumulated Depreciation $ 100,000

Accounts Payable 80,000 Cost of Goods Sold 120,000 Loss on Truck Sale 20,000 Depreciation Expense 40,000

Dividends 70,000 Cash 10,000 Salaries Expense 60,000 Sales 650,000 Retained Earnings 140,000 Accounts Receivable 120,000

Based on this info, what is Foxs Net Income for the year?

a. 310,000 b. 410,000 c. 340,000 d. 430,000