Can someone write out the formula for net income and then show me which transactions affect it to get your final answer ?

Instructions The company we are analyzing was in business last year, so some of its permanent accounts have beginning balances. Those accounts and balances are as follows: Account Balance at 12/31/2018 Cash $133 Inventory $90 Wages Payable $18 Contributed Capital $165 Retained Earnings $40 If you use t-accounts to solve this, you will enter these numbers as opening balances BEFORE you post any of thejournal entries for this year. If you use the FSEI', you will enter these on the top row before you post anyjournal entries. The following transactions or events happened during 2019: Acquired inventory in return for $360 in cash. . Sold inventory costing $345 to customers who paid $568 in cash. . Paid employees $18 cash during 2019 for wages they were owed at the end of 201 8. 1. 2 3 4. Paid $63 cash on October 1. 2019 for the rights to use a sports team's logo; the period of usage begins that day and lasts 9 months. This is the only payment under this arrangement. 5. According to time cards, employees earned wages of $134 for work performed in 2019. Of this amount. $110 was paid in cash in 2019. 6 . Made any needed adjusting entries and closed the temporary accounts to retained earnings.