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Q22. Below is selected information for Dell Electronics. What is their net income based on this information? Dell Electronics Cash 30,000 Revenue 60,000 Accounts receivable

Q22. Below is selected information for Dell Electronics. What is their net income based on this information?

Dell Electronics

Cash 30,000
Revenue 60,000
Accounts receivable 5,000
Inventory 20,000
Wages expense 5,000
Prepaid Rent 3,000
Cost of goods sold 12,000
Wages payable 1,000
Retained earnings 13,500
Depreciation expense 9,000
Rent expense 6,000

If it's a net loss, write a - in front of your number.

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