Question
The following data are taken from accounting records of Glee Mason Surgical Centre for the year completed: Utilities, Surgical Centre $38,500 Purchases of Implants $723,000
The following data are taken from accounting records of Glee Mason Surgical Centre for the year completed:
Utilities, Surgical Centre $38,500
Purchases of Implants $723,000
Amortization, Surgical equipment $155,000
Repairs for Surgical Centre $ 89,000
Property tax, Surgical Centre $130,000
Insurance, Surgical Centre $ 42,000
Rubbing alcohol $ 200
Rent, Surgical Centre $150,000
Surgical Supplies $ 14,000
Surgical Nurses $ 37,300
Oral Surgeon $ 80,000
Anesthesia Assistant $ 40,000
Receptionist at Surgical Centre $ 12,800
Cleaning lady for Office Building $ 25,800
Front desk for Office Building $10,000
Implants Inventory, Beginning $120,000
Implants Inventory, Ending $202,000
Please calculate the Net Income if the annual total revenue is $2,460,000
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