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Sanders Company had the following data for the year ending December31, 2014: Cash $6,000 Depreciation expense 40,000 Prepaid rent 1,400 Cost of goods sold 69,000

Sanders Company had the following data for the year ending December31, 2014:

Cash $6,000

Depreciation expense 40,000

Prepaid rent 1,400

Cost of goods sold 69,000

Sales 200,000

Dividends paid 3,000

Rent expense 3,600

Wage expense 81,000

What is the net income for the year ending December31, 2014?

$6,000

$400

$6,400

$3,400

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