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Bennett Inc. has the following balances in their accounts at year end. What is their income for the period? Accounts Payable $ 45,000 Accounts Receivable

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Bennett Inc. has the following balances in their accounts at year end. What is their income for the period? Accounts Payable $ 45,000 Accounts Receivable $ 30,700 Retained Earnings $ 40,000 Utilities Expense $ 12,500 Sales Revenue $ 250,000 Buildings $ 150,000 Common stock (contributed capital) $ 200,000 Cash $ 40,000 $ 84,500 Equipment $ Income taxes payable 7.500 Travel expense $ 2.200 Land $ 70.000 Rent Expense $ 150.000 $ 112.900 Salaries expense $ 35.500

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