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(Chapters 1-4) Seved Ashley Corporation has provided the following information for its most recent year of operation: 16 6 points Revenues earned were $88,000, of

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(Chapters 1-4) Seved Ashley Corporation has provided the following information for its most recent year of operation: 16 6 points Revenues earned were $88,000, of which $5,000 were uncollected at the end of the year. Operating expenses incurred were $48,000, of which $7,000 were unpaid at the end of the year. Dividends declared were $11,000, of which $5,000 were unpaid at the end of the year. Income tax expense is $13,600. What is the amount of net income reported on Ashley's income statement? 8 01:39:14 Multiple Choice eBook $19,140 $27,820 O $23760 $26,400

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