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Grimes Incorporated has the following balances: Accounts Receivable$12,500Depreciation Expense 5,000Rent Expense 16,000Equipment33,000Dividends3,000Service Revenue 49,000Salaries Expense 22,500 What is Grimes Incorporated's Net Income? $2,500 $5,500 $18,000

Grimes Incorporated has the following balances:

Accounts Receivable$12,500Depreciation Expense 5,000Rent Expense 16,000Equipment33,000Dividends3,000Service Revenue 49,000Salaries Expense 22,500

What is Grimes Incorporated's Net Income?

$2,500

$5,500

$18,000

$34,000

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