Sesame uses the perpetual system, and their income tax rate is 30%. On Sesames multiple-step income statement for 2020, net income is:

a) $20,000

b) $15,000

c) $16,800

d) $9,800

Sesame Corp's adjusted trial balance at December 31, 2020, included the following: Debit Credit $170,000 $ 70,000 28,000 11,000 9,000 Sales Cost of goods sold Administrative expenses Loss on sale of equipment Sales commissions Interest revenue Loss of warehouse due to flood Loss from operation of discontinued division Bad debt expense Totals 6,000 15,000 24,000 5,000 $162,000 $176,000