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ABC COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 2016 Account Dr. Cr. Cash Accounts recelvable Inventory Prepaid rent Equipment $60,000 Accumulated Depreclation-Equlpment Accounts Payable Notes Payable

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ABC COMPANY ADJUSTED TRIAL BALANCE DECEMBER 31, 2016 Account Dr. Cr. Cash Accounts recelvable Inventory Prepaid rent Equipment $60,000 Accumulated Depreclation-Equlpment Accounts Payable Notes Payable (due in 6 mo) Salaries Payable Notes Payable (due in 6 yrs) A.B. Conley, Capital A.B. Conley, Withdrawals: Sales Interest income. Costs of goods sold Selling expense: 20,000 70,000 5,000 50,000 Selling expense: General and administratwe expense Interest expense Total 10,000 510,000 Use Problem 2 (ABC Company financial statements) to answer this question. The total Income From Operations is: Problem 2 $310,000 $25,000 $26,000 $30,000 $90,000

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