NEW PONCIES Show Attempt History Current Attempt in Progress The following is selected information related to Sheffield Corp. at December 31, 2022. Sheffield Corp. reports financial information monthly. Accounts Payable $4,000 Salaries and Wages Expense $21,800 Cash 11,900 Notes Payable 33,000 Advertising Expense 7,900 Rent Expense 12,900 Service Revenue 71,300 Accounts Receivable 17,800 Equipment 38,300 Dividends 9.900 (a) (b) Determine the net income that Sheffield Corp. reported for December 2022. Net income of Sheffield Corp. $ eTextbook and Media Save for Later Attem