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Ludwig Ahgren began the Mogul Moving Company by investing $75,000 of cash in the business. The company recorded revenues of $555,000, expenses of $410,000,
Ludwig Ahgren began the Mogul Moving Company by investing $75,000 of cash in the business. The company recorded revenues of $555,000, expenses of $410,000, and had owner drawings of $53,000. What was Ludwig's net income for the year? (Required) 1. O $118,000. 2. $145,000. 3. O $172,000. 4. $190,000.
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