MC Qu. 1-130 A company's financial records at the end... A company's financial records at the end of the year included the following amounts: $70,300 Cash Accounts Receivable 28,300 Supplies Accounts Payable Notes Payable Retained Earnings, beginning of year 4,300 10,300 5,150 17,300 Common Stock 43,000 Service Revenue 51,050 Wages Expense 8,300 Advertising Expense 5,300 Rent Expense 10,300 What is the amount of net income on the income statement for the year