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A corporation has provided the following information for its most recent year of operation: Revenues earned were $90,000, of which $6,000 were uncollected at
A corporation has provided the following information for its most recent year of operation: Revenues earned were $90,000, of which $6,000 were uncollected at the end of the year. Operating expenses incurred were $49,000, of which $6,000 were unpaid at the end of the year. Dividends declared were $12,000, of which $3,000 were unpaid at the end of the year. Income tax expense is $14,350. What is the amount of net income reported on the corporation's income statement?
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