what is net income

QUESTION 24 Refer to the following adjusted trial balance. Woods Company Adjusted Trial Balance For the Year Ended December 31, 2019 Cash $45,000 Accounts receivable 50,000 96.000 100.000 Inventory Equipment Accumulated depreciation, equipment Accounts payable Common Stock $20,000 56,000 181.000 20.000 Retained Earnings Dividends Net Sales revenue 36.000 400.000 Click Save and submit to save and submit Chek Soale Question Completion Status: For the Year Ended December 31, 2019 Cash $45,000 Accounts receivable 50,000 96,000 100,000 Inventory Equipment Accumulated depreciation, equipment Accounts payable $20,000 56,000 Common Stock 181,000 Retained Earnings 20,000 Dividends 36,000 Net Sales revenue 400,000 260,000 42.000 Cost of goods sold Administrative expenses Selling expenses Interest expense Total 38.000 10.000 $732.000 $732.000 equipment $20,000 Accounts payable 56,000 Common Stock 181,000 Retained Earnings 20,000 Dividends 36,000 Net Sales revenue 400,000 cost of goods sold 260,000 42,000 Administrative expenses Selling expenses Interest expense 38,000 10,000 Total $732,000 $732,000 What is net income? $425.000 $400,000 $140,000 $50,000