Question
Common shares ($ 175,000); Retained earnings ($ 325,000); Accounts Payable ($ 4,000); Products ($ 850,000); Administrative expenses ($ 220,000); Operational expenses ($ 350,000); Cash ($
Common shares ($ 175,000); Retained earnings ($ 325,000); Accounts Payable ($ 4,000); Products ($ 850,000); Administrative expenses ($ 220,000); Operational expenses ($ 350,000); Cash ($ 35,000); Accounts receivable ($ 144,800); Prepaid insurance ($ 2,500); Trucks ($ 175,000); Warehouse ($ 450,000); Advertising ($ 16,000); Financial expenses ($ 3,500); Miscellaneous charges ($ 147,200); Loan ($ 250,000); Accumulated depreciation - Truck ($ 70,000); Accumulated depreciation - Warehouse ($ 45,000).
From this information, indicate the amount of the result for the period ended December 31 X6?
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