Presented below are selected ledger accounts of Bonita SA as of December 31, 2022.

Cash		48,000
Administrative expenses		96,000
Selling expenses		76,800
Net sales		518,400
Cost of goods sold		249,600
Cash dividends declared (2022)		19,200
Cash dividends paid (2022)		14,400
Discontinued operations (loss before income taxes)		38,400
Depreciation expense, not recorded in 2021		28,800
Retained earnings, December 31, 2021		86,400
Effective tax rate 30%

Question 3 of 3 -/5 111 Presented below are selected ledger accounts of Bonita SA as of December 31, 2022. Cash 48.000 Administrative expenses 96,000 Selling expenses 76,800 Net sales 518,400 Cost of goods sold 249.600 Cash dividends declared (2022) 19,200 Cash dividends paid (2022) 14,400 Discontinued operations (loss before income taxes) 38,400 Depreciation expense, not recorded in 2021 28.800 Retained earnings, December 31, 2021 86,400 Effective tax rate 30% (a) Compute net income for 2022. Net income e Textbook and Media Save for Later Attempts: 0 of 2 used Submit