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Juan s Auto Repair is preparing their income statement. The report shows sales revenue of $ 8 0 , 0 0 0 , cost of

Juans Auto Repair is preparing their income statement. The report shows sales revenue of $80,000, cost of goods sold at $30,000, and sales, general, and administrative expenses of $25,000. Since Juan uses the single-step format for his income statement, what is Juans net income?
Group of answer choices
$25,000
$55,000
$80,000
There is not enough information here to determine Juans net income

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