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During the three months of this quarter, Dolphin Company has generated service revenues of $16,500, $21,000, and $43,800, respectively. The cost of providing the services
During the three months of this quarter, Dolphin Company has generated service revenues of $16,500, $21,000, and $43,800, respectively. The cost of providing the services is $3,600, $6,000, and $9,400, respectively. In addition, salaries and wages for the quarter total $17,900 while general administrative expenses total $14,300. The company also earned interest revenue of $6,900 and incurred income taxes of $7,400. Net income for the quarter is: $15,800.
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