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the companys net income for the year ending is? The following items are taken from the financial statements of Salim's Company for the year ending

the companys net income for the year ending is?
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The following items are taken from the financial statements of Salim's Company for the year ending December 31, 2017: - Advertising expense... 21,000 -Cash.............. 15.000 - Sales retuerns and allownces... 10,000 - Sales discount...............7,000 - Insurance expense 3,000 Note payable, due 6/30/18................ 70.000 Prepaid insurance (12-month policy)........6,000 - Rent expense 17,000 Salaries expense............. 32,000 Sales revenue 150,000 Cost of Goods Sold 20,000

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