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Allen marks is the sole owner and operator of Great Marks Co. The company has assets of $907,303 and liabilities of $272,223. During 2014 Marks
Allen marks is the sole owner and operator of Great Marks Co. The company has assets of $907,303 and liabilities of $272,223. During 2014 Marks invested an additional $28,103 and withdrew $25,521 from the business. What is the amount of the net income during 2014 assuming that as of December 31,2014 assets were $988,954 and liabilities were $230,970?
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