ng: Below are the account balances from Khouri Corp.'s adjusted trial balance at 12/31/X1 Note: The accounts are listed in alphabetical order for purposes of this quiz question Required: Using these account balances, answer the three questions which follow Accounts Payable $25,000 35,000 Accounts Receivable 85,000 Accumulated Depreciation 20,000 Cash 120,000 Common Stock 16,000 Depreciation Expense 70,000 Dividends 405,000 Equipment 15,000 Insurance Expense 13,000 Prepaid Insurance 94,000 Retained Earnings 75,000 Salaries Expense 20,000 Salaries Payable 325,000 Service Revenue 20,000 Utilities Expense Question # 1:What is Khouri's net income for 20X1? Answer: $ do not use decimals or commas)