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Sales Revenue $24,000 Given below are several accounts from Cunningham, Inc.'s trial balance at December 31, 2004. Accounts Receivable $ 4,850 Accounts Payable 600
Sales Revenue $24,000 Given below are several accounts from Cunningham, Inc.'s trial balance at December 31, 2004. Accounts Receivable $ 4,850 Accounts Payable 600 Rent Expense 4,000 Dividends 750 Interest Revenue 950 Fees Collected in Advance 400 Depreciation Expense 1,550 Supplies 500 Supplies Expense 2,000 Cash 4,500 Prepaid Rent 1,150 Wages Expense 2,800 Wages Payable 1,600 Cost of Goods Sold 12,500 Retained Earnings, Jan. 1, 2004 6,000 What is the net income for the year ended December 31, 2004? Select one: a. $2,100 b. $950 c. $1,700 d. $1,350
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