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Accounts payable . ...........$20,000 Inventory........ .$40,000 Accounts receivable................40,000 Land....................... ......... 100,000 Bonds payable, long-term.......250,000 Retained earnings.....115,000 Buildings ............ .160,000 Sales revenue..................... ..300,000 Cash .......mum.... 50,000 Supplies inventory................. ..5,000 Cost of goods sold.................150,000 Supplies expense.................15,000 Equipment............................ ..80,000 Wages expense............... 85,000 What is Meyers' net income for 2018? (1 pt.) Create the Income Statement for 2018. (7 pts.) a. $150,000 b. $ 50,000 c. $180,000 d. $300,000