The following data relate to Swift Company for the year ended December 31, 2022. Sales on credit Cash sales Cost of goods sold Collections from customers Purchase of inventory on credit Payment for purchases of inventory bought on credit Selling expenses Which of the following amounts represents net income for Swift Company for the year ended December 31, 2022? O $680,000 O $540,000 O $390,000 O $170,000 $2

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The following data relate to Swift Company for the year ended December 31,2022. Which of the following amounts represents net income for Switt Company for the year ended Decembet 31, 2022? $680,000 $540,000$390,000$170,000 collected accounts receivable of $36,000. At December 31,2022 , the Accounts Receivable balinge is $61,800 $16,800 $40,800 $25,800= The following data relate to Swift Company for the year ended December 31,2022. Which of the following amounts represents net income for Switt Company for the year ended Decembet 31, 2022? $680,000 $540,000$390,000$170,000 collected accounts receivable of $36,000. At December 31,2022 , the Accounts Receivable balinge is $61,800 $16,800 $40,800 $25,800=