Daniels Company reports the following year-end account balances at December 31, 2017.

Accounts payable .. $20,000

Inventory $40,000

Accounts receivable .. $40,000

Land ... $100,000

Bonds payable, long-term $250,000

Goodwill . $10,000

Buildings .. $160,000

Retained earnings $115,000

Cash . $50,000

Sales revenue ... $500,000

Common stock $100,000

Supplies inventory $5,000

Cost of goods sold . $200,000

Supplies expense . $20,000

Equipment ... $80,000

Wages expense $100,000

What is Daniels Companys net income for 2017?

Question 6 options:

	$375,000
	$180,000
	$380,000
	$300,000