Huntington Corporation Presented below are all of the items from Huntington Corporations income statement for the years ending December 31, 2017 and 2016.

		December 31, 2017	December 31, 2016
	Service fees	$2,300,000	$2,100,000
	General and administrative expenses	1,900,000	1,500,000
	Other income, net	40,000	20,000
	Income taxes	150,000	180,000

4. Read the information about Huntington Corporation.

Required: How much is net income for the year ended December 31, 2017? If Huntington Corporation had used a single-step statement, by how much would net income be different? Explain.

Short Answer:

(2) What does the composition of the current assets tell you about Delray's liquidity? (3) What other information do you need to fully assess Delray's liquidity? ANSWER: Huntington Corporation Presented below are all of the items from Hunipigton Corporation's income statement for the years ending Decem 2017 and 2016 December 31, 2017 December 31, 2016 Service fees $2,300,000 $2,100,000 General and administrative expenses 1,900,000 1,500,000 Other income, net 40,000 20,000 Income taxes 150,000 180,000 4. Read the information about Huntington Corporation. Required: How much is net income for the year ended December 31, 2017? If Huntington Corporation had used a single-step statement, by how much would net income be different? Explain