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Determine the amount of Riverbed's net income. Net income $ 1.448,960 The following list of accounts is from the adjusted trial balance for Riverbed Corporation:
Determine the amount of Riverbed's net income. Net income $ 1.448,960 The following list of accounts is from the adjusted trial balance for Riverbed Corporation: Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation-equipment Advertising expenses Buildings Cash Common shares Cost of goods sold Deferred revenue Depreciation expense $171,520 239,360 125,440 290,560 143,360 547,840 90,880 294,400 1.425.920 40,960 240.640 Equipment Income tax expense Insurance expense Inventory Land Loan payable (due in 2 years) Prepaid expenses Property tax payable Refund liability Salaries expense Salaries payable Sales $1,209,600 78,080 149,760 296,960 1.408,000 2,496,000 37.120 23,040 26,880 993,280 33,280 3,358,720
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