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What net income did will the company report on its May 2023 income statement? begin{tabular}{|l|r|} hline Cash received from customers in exchange for merchandise &
What net income did will the company report on its May 2023 income statement?
\begin{tabular}{|l|r|} \hline Cash received from customers in exchange for merchandise & $200,000 \\ \hline Reduction of inventory associated with merchandise sold to customers & $120,000 \\ \hline Payment of employee wages & $30,000 \\ \hline Payment of payroll taxes & $2,700 \\ \hline Payment of the monthly electricity bill & $500 \\ \hline Payment of a dividend to shareholders & $2,000 \\ \hline \end{tabular}Step by Step Solution
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