Use the following information to answer questions 10-14: Conrad Co. reports the following information for January Office salaries Advertising expense Material Inventory, January 1 Direct Labor expense Material Inventory, January 31 Office Supplies Sales WIP Inventory, January 1 $ 25,000 $ 13,000 $ 39,000 $30,000 $ 38,000 $ 1,000 $118,000 $ 12,000 Material purchased $16,000 Finished Goods Inventory, January 1 $24,000 Depreciation on factory machine $12,000 Finished Goods Inventory, January 31 $22,000 Factory utilities $6,000 $17,000 $16,000 5,600 Factory rent WIP Inventory, January 31 Units completed Determine the Net Income (ignoring taxes) for January? $38,000 $1,000 ($1,000) $39,000

Use the following information to answer questions 10-14: Conrad Co renorte the followisine informatinn c...- 'anuary Determine the Net Income (ignoring taxes) for January? $38,000 $1,000 ($1,000) $39,000