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Sales revenue 250,000 6,000 Sales returns and allowances Cash 51,000 30,000 10,000 200,000 20,000 100,000 16,000 Inventory Advertising expense Equipment Administrative Salaries expense Shared-capital interest
Sales revenue 250,000 6,000 Sales returns and allowances Cash 51,000 30,000 10,000 200,000 20,000 100,000 16,000 Inventory Advertising expense Equipment Administrative Salaries expense Shared-capital interest expense Cost of goods sold Sales salaries expense Income taxes Rent revenue Depreciation of office equipment 8,000 20,000 2,000 15,000 89,000 If this information was used to prepare an income statement, Net Income should be: Select one: O a. 116,000 O b. 112,000 Oc 114,000 O d. 104,000 O e. 106,000
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