Accounts Payable Accounts Receivable Inventory Advertising Expense Cost of Goods Sold Delivery Expense Income Tax Expense Insurance Expense Rent Expense Sales Revenue (excluding discounts, returns, and allowances) Sales Discounts Sales Returns & Allowances $ 16,000 17,000 21,200 15,000 113,000 6,600 2,000 1,000 14,400 220,000 10,400 28,000 Net income would be: Multiple Choice $37100 $31600 O $29,600 $30,600