Question: The following list of accounts is from the adjusted trial balance for Monty Corporation. Accounts are given at the bottom. Was wondering how to find the net income from these accounts. Accounts payable $ 128,640 Equipment $ 907,200 Accounts receivable 179,520 Income tax expense 58,560 Accumulated depreciationbuildings 94,080 Insurance expense 112,320 Accumulated depreciationequipment 217,920 Inventory 222,720 Advertising expenses 107,520 Land 1,056,000 Buildings 410,880 Loan payable (due in 2 years) 1,872,000 Cash 68,160 Prepaid expenses 27,840 Common shares 220,800 Property tax payable 17,280 Cost of goods sold 1,069,440 Refund liability 20,160 Deferred revenue 30,720 Salaries expense 744,960 Depreciation expense 180,480 Salaries payable 24,960 Sales 2,519,040