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Q2. (1 Mark) The following are accounts balance (in thousands) for Malak Company. Calculate Net Income ? Supply expenses $ 255,000 Depreciation expenses $ 35,000

Q2. (1 Mark)

The following are accounts balance (in thousands) for Malak Company. Calculate Net Income ? Supply expenses

$ 255,000

Depreciation expenses

$ 35,000

Labor expense

$300,000

Interest Expenses

$11,000

Stockholders Equity

$61,500

Cash & cash equivalents

$97,000

Long-term debt

$3,500

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