Seikoson

The 2016 income statement of Seikoson shows operating revenues of $130,800, selling expenses of $37,100, general and administrative expenses of $34,900, interest expense of $900, and income tax expense of $11,430. Seikosons stockholders equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at December 31, 2016.

3. Read the information about Seikoson. What is Seikosons net income?

	a.	$80,000
	b.	$92,190
	c.	$130,800
	d.	$46,470