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The following information is obtained from the adjusted trial balance for Justine Incorporated at December 31, 2019 Accounts Payable $7,567 Accounts Receivable 14,678 Accumulated Depreciation
The following information is obtained from the adjusted trial balance for Justine Incorporated at December 31, 2019
Accounts Payable | $7,567 |
Accounts Receivable | 14,678 |
Accumulated Depreciation | 3,000 |
Bank Loan, due June 1, 2020 | 7,000 |
Cash | 1,700 |
Depreciation Expense | 1,100 |
Dividends Declared | 500 |
Equipment | 15,000 |
Income Tax Expense | 2,900 |
Income Tax Payable | 1,300 |
Prepaid Rent | 6,000 |
Prepaid Insurance | 2,400 |
Retained Earnings | 2,900 |
Revenue | 55,000 |
Common Stock | 10,000 |
Telephone Expense | 1,400 |
Utilities Expense | 8,089 |
Wages Expense | 33,000 |
What is 2019 net income?
Group of answer choices
$8,511
$8,011
$2,900
$8,400
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