Question 3 of 3 View Policies Show Attempt History Current Attempt in Progress Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2020. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2020) Cash dividends paid (2020) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2019 Retained earnings, December 31, 2019 Effective tax rate 20% $50,000 100,000 80,000 540,000 210,000 20,000 15,000 40,000 30,000 90,000 (a) Your answer is incorrect. Compute net income for 2020. Net income $ 77000 e Textbook and Media