entrepreneur invests 100,000$ in a company as sole stockholder in new coompany from personal savings.

supplies purchased on account $2000, fees earned on account $50,000 wage expense 5,000 on account on 10th of

month.

supplies on hand at end of month $1,000

Dividends $10,000 cash paid at end of month

create income statement from above.

the net income is?

$50,000

$45,000

$44,000

$34,000