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Please make a conclusion based on income statement below: Net Income RM Revenue Service Revenue 27,000 Commission Revenue 57,000 Total Revenue 84,000 Expenses Insurance Charges
Please make a conclusion based on income statement below:
Net Income | RM |
Revenue | |
Service Revenue | 27,000 |
Commission Revenue | 57,000 |
Total Revenue | 84,000 |
Expenses | |
Insurance Charges | 350 |
Rental expense | 6,000 |
Utilities expense | 2,000 |
Salaries expense | 30,000 |
Interest expense | 5,000 |
Telephone Charges | 700 |
Commission expense | 11,250 |
Office Maintenance exp | 500 |
Total expenses | 55,800 |
Net Income | 28,200 |
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