The statement below is likely from which of the following type of business and form of organisation: Income Statement For the year ended 30th June Fees revenue $189 000 Expenses: Supplies expense Selling expenses Financing expenses General & administrative expenses Total expenses Net profit before tax Income tax expense Net profit after tax 98 000 8000 1750 12 000 119 750 69 250 22 000 47 250 Question 3 Answer a. a service company b. a merchandising sole-proprietorship c. a merchandising partnership d. a merchandising company e. a service sole-proprietorship