Question 17 of 20

Question 17 of 20 View Policies -/3 Current Attempt in Progress In its first month of operations, Nash earned $64000 in service revenue, $3500 of which was on account and still outstanding at year- end, with the balance received in cash. The company incurred operating expenses of $47000. Of these expenses, $1500 was still owed on account at year-end. What amount of net income will Na