Question $5(6$ points$)$

Testing company reports the following information as of January

$31,2024(6$ points, $3$ per part$)$

Blank $1.$ Solve for net income $($loss$)($Hint: use the accounting equation$)$

Blank $2.$ What was the ending retained earnings?

Blank $3.$ BONUS $($Up to $3$ pts$)$: Is this company profitable this year? Why?

A

A