the topanga company provide legal services to its customers. at the beginning of 2006 the company had the following balances in its financial accounting record

Here are some beginning balances at the beginning of 2019: Cash $10,000 $40,000 Building Accumulated Depreciation on Building ($15,000) Common Stock Retained Earnings $40,000 ($5,000) salvage value NOTE: The Building was bought 3 years ago and has a 8 year useful life with no During the year 2019, the following things were true: Revenue of $40,000 generated, with $30,000 collected in Cash ($10,000 not yet collected) Cash Expenses of $22,000 incurred, all paid in full Dividends of $4,000 declared, but not paid The building didn't get old; they still own it 1- What is ending 2019 Net Income? (Feel free to show me any calculations you think will help understand your math.) me