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Revenues Consulting $36,000 Rental Property $10,500 Total Revenues ? Expenses Supplies $2000 Salaries $5000 Total Expenses ? Net Income ? Use the given income statement

Revenues

Consulting $36,000
Rental Property $10,500
Total Revenues ?
Expenses
Supplies $2000
Salaries $5000
Total Expenses ?
Net Income ?

Use the given income statement to answer the following question: What are the expenses for the period ending January 31st? 1) $2000, 2) $7000 3) $38500, 4) $46500 Please explain the answer in detail. Thank you!

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