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The Goode Corporation began operations on January 1st and the following information was available at the end of January: (a) Cost of goods sold $16,000,
The Goode Corporation began operations on January 1st and the following information was available at the end of January: (a) Cost of goods sold $16,000, (b) Notes payable $33,000, (c) Inventory $9,000, (d) Cash $32,000, (e) Equipment $79,000, (f) Revenue $47,000, (g) Utilities expense $2,000, (h) Payroll expense $20,000, (i) Common stock $80,000 and (j) Dividends 2,000. What is the company's net income for the month
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