5,000 Hank's Auto Repair Adjusted Trial Balance December 31 Cash $ 13,000 Accounts receivable 500 Shop supplies 2,500 Equipment 30,000 Accumulated depreciation - equipment Accounts payable Common stock Retained earnings Dividends 20,000 Revenue earned Shop supplies expense 3,500 Depreciation expense - 2,000 equipment Rent expense 4,000 Wages expense 21,000 Insurance expense 1,500 1,000 10,000 10,000 72,000 Totals $98.000 $98.000 What amount will be shown on the income statement as Net Income? 5,000 ManKS Auto Repair Adjusted Trial Balance December 31 Cash $ 13,000 Accounts receivable 500 Shop supplies 2,500 Equipment 30,000 Accumulated depreciation - equipment Accounts payable Common stock Retained earnings Dividends 20,000 Revenue earned Shop supplies expense 3,500 Depreciation expense - 2,000 equipment Rent expense 4,000 Wages expense 21,000 Insurance expense 1,500 1,000 10,000 10,000 72,000 Totals $98,000 $98,000 What amount will be shown on the income statement as Net Income