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The following are the current month's balances for selected accounts of Sandlin Marketing Company Accounts Payable $9,000 Revenue 11,000 Cash 9,450 Expenses 1,300 Furniture 11,000

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The following are the current month's balances for selected accounts of Sandlin Marketing Company Accounts Payable $9,000 Revenue 11,000 Cash 9,450 Expenses 1,300 Furniture 11,000 Accounts Receivable 14,000 Common Stock 10,250 Notes Payable 5,500 What is the net income for Sandlin Marketing for the current month? O A. $9,700 OB. $20,450 O C. $11,000 OD. $12,300 As per the the entity will remain in operation for the foreseeable future. O A. monetary unit assumption OB. going concern assumption O C. cost principle D. economic entity concept

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