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Carla's Computer Repair Shop started the year with total assets of $270,000 and total liabilities of $180,000. During the year, the business recorded $450,000 in
Carla's Computer Repair Shop started the year with total assets of $270,000 and total liabilities of $180,000. During the year, the business recorded $450,000 in computer repair revenues, $255,000 in expenses, and Carla withdrew $45,000. The net income reported by Carla's Computer Repair Shop for the year was Select one: a. $90,000. b. $405,000. c. $195,000 d. $150,000
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