please help with accounting

1 question, 5 parts

Below is select account information for Leah Co. - Cash: 5,000 - Accounts payable: 6,000 - Service revenue: 10,000 - Inventory: 7,000 - Advertising expense: 800 - Equipment: 20,000 - Common stock: 25,000 - Notes payable: 12,000 - Accounts receivable: 8,000 - Utilities expense: 1,000 - Salaries and wages expense: 3,200 What is the net income for the period? $11,000 $8,200 $9,000 $5,000 Which of the following options is an element of the fraud triangle? Falsifying Records Deception Lying Perceived Opportunity What is the primary purpose of internal controls? To punish those who commit fraud To eliminate all errors from occurring To eliminate all fraud by employees To manage risk and reduce fraud Nie Company is an internet retaller and has a current ratio of 4.5. Its competitoc, Mississippi Company, has a current ratio of 3.4. Which of the following statements is true? Nile Company enjoys greater market share than Mississippi Company. Mississippi is more profitable than Nile Company. Nile Company has better liquidity than Mississippi Company. Nile Compary is more profitable than Mississippi Company. A company sold merchandise for $2,000 on account with credit terms 1/10,n/30. Assume the customer takes advantage of the sales discount. What would the sell or need to record? Credit Cash for $2,000 Debit 5a les Discounts for $20 Debit Accounts Receivable for $1,980 Debit 5 ales for $2,000