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Question 29. The following items are taken from the financial statements of the Cheyenne Service for the year ending December 31, 2018: Accounts payable $

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Question 29. The following items are taken from the financial statements of the Cheyenne Service for the year ending December 31, 2018: Accounts payable $ 18000 Accounts receivable 11000 Accumulated depreciation - equipment 28600 Advertising expense 20900 Cash 14800 Common stock 41100 Dividends 13800 Depreciation expense 12000 Insurance expense 2900 Note payable, due 6/30/19 68000 Prepaid insurance (12-month policy) 5800 Rent expense 17100 Retained earnings (1/1/18) 62900 Salaries and wages expense 31800 Service revenue 13510 Supplies 4000 Supplies expense 6000 Equipment 214500 What is the company's net income for the year ending December 31, 2018? A.$135100 B.$ 12000 C.$30600 D. $44400 typed answer please

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