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Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019. Donaldson's Delivery Service Company Trial Balance

Donaldson's Delivery Company began operations on January 1, 2019. The following Trial Balance was prepared on December 31, 2019.

Donaldson's Delivery Service Company

Trial Balance

December 31, 2019

Account Title

Debit

Credit

Cash

$15,500

Accounts Receivable

8,000

Prepaid Rent

2,400

Office Supplies

1,400

Land

25,000

Building

32,000

Equipment

23,000

Accounts Payable

$10,400

Unearned Revenue

2,500

Notes Payable

20,000

Common Stock

57,000

Dividends

6,900

Service Revenue

79,000

Salaries Expense

34,000

Rent Expense

14,000

Truck Expense

5,000

Office Expense

1,700

Total

$168,900

$168,900

What is the net income for the year ended December 31, 2019?

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