Gilbert, Inc had the following account balances at September 30, 2010. What is Gilbert's net income for
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Gilbert, Inc had the following account balances at September 30, 2010. What is Gilbert's net income for the month of September? Show your work.
Accounts payable: $5,000
Capital Stock: $10,000
Cash: $14,300
Equipment: $15,400
Fees Earned: $54,400
Miscellaneous Expense: $18,200
Rent Expense: $4,150
Retained Earnings: $6,550
Wages Expense: $13,900
A) $32,450
B) $27,450
C) $6,550
D) $18,150
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