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Required information [The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31 .

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Required information [The following information applies to the questions displayed below.] The Sky Blue Corporation has the following adjusted trial balance at December 31 . \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ SKY BLUE CORPORATION } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} How much net income did the Sky Blue Corporation generate during the year

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