During 2024, Sweet Rose Spa reported revenue of $40,000. Total expenses for the year were $27,000. Sweet Rose Spa ended the year with total assets of $35,000, and it owed debts totaling $11,000 At year-end 2023, the business reported total assets of $22,000 and total liabilities of $11,000. Read the requirements. Requirement 1. Compute Sweet Rose Spa's net income for 2024. Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income. = *** Net Income

During 2024, Sweot Rose Spa reported tevenve of $40,000. Total expenses for the year wees $27,000. Sweet Roso $pa ended the year with total as sets of $35,000, and if aned debes botatiog $11,000 At year-end 2023 , the business reported total asset of $22,000 and total liabilties of $11,000 Rood the requitements. Requirement 1. Compute Sweot Rose Spa's net income tor 2024 Begin by identifying the formula to calculate net income and then enser the amounts to solve for net income