Question 15 of 17 These items are taken from the financial statements of Ayayai Corp. at December 31, 2018. $190,440 22,680 8,424 21,312 148,320 110.160 1.044 360 Buildings Accounts receivable Prepaid insurance Cash Equipment Land Office expense Income tax expense Depreciation expense Interest expense Common shares Retained earnings (January 1, 2018) Accumulated depreciation-building Accounts payable Income taxes payable Bank loan payable (due July 1, 2020) Accumulated depreciation-equipment Interest payable Sales 9,540 4,680 111,600 72,000 82,080 15,120 1.980 168,480 33,696 6,480 25,524 (a) Calculate the net income for the year. Net income /(loss) $ Save for Later Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above