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The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: Cash Retained Earnings Advertising Expense Cost

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The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: Cash Retained Earnings Advertising Expense Cost of Goods Sold Rental Revenue Accounts Payable Common Stock Accumulated Depreciation $17,000 Accounts Receivable Income Tax Expense Inventory Wage Expense Sales Revenue Trademark Buildings and Land $29,000 $66,000 Cat January 1, 2019) $17,000 $36,000 $11,000 $38,000 $72,000 $45,000 $14,000 $51,000 $12,000 $93,000 $10,000 $83,000 Calculate the amount of net income earned by ABC Company in the m onth of January The following information is available for Buckeye Company anuar December 18 Cash Land Notes payable Retained earnings Accumulated depreciation Supplies Accounts receivable Equipment Accounts payable Common stock Inventory $25,000 40,000 29,000 33,000 4,000 8,000 16,000 20,000 11,000 40,000 18,000 $30,000 42,000 45,000 58,000 7,000 10,000 17,000 26,000 40,000 42,000 During 2018, Buckeye Company reported sales revenue of $89,000, sa laries expense of $22,000, rent expense of $17,000, and cost of goods sold. Bucke ye Company paid $9,000 of dividends during 2018. (Note the amount of cost o f goods sold has been intentionally omitted from this problem) Calculate the amount of net income earned by Buckeye Company duri ng 2018 The following information is available for Buckeye Company anua December 18 Cash Land Notes payable Retained earnings Accumulated depreciation Supplies Accounts receivable Equipment Accounts payable Common stock Inventory $25,000 40,000 29,000 33,000 4,000 8,000 16,000 20,000 11,000 40,000 18,000 $30,000 42,000 45,000 58,000 7,000 10,000 17,000 26,000 40,000 42,000 During 2018, Buckeye Company reported sales revenue of $89,000, sa laries expense of $22,000, rent expense of $17,000, and cost of goods sold. Bucke ye Company paid $9,000 of dividends during 2018. CNote the amount of cost o f goods sold has been intentionally omitted from this problem) Calculate the amount of gross profit earned by Buckeye Company d uring 2018

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