Wilson Marketing Consulting, a proprietorship owned by Lin Wilson, was started on January 1, 2019, with investment of $50,000 cash. The company prepares marketing plans for clients. It has been operating for Business was quite slow in the first year of operations but has steadily increased. Wilson has made additi investments of $30,000 but has not made any withdrawals. The general ledger showed the following bala

December 31, 2019.

(Click the icon to view the account balances.)

The following transactions took place during the month of January 2020. (Click the icon to view the transactions.)

Required

Requirement 1. What is the total net income earned by the business over the period of January 1, 2019, to

December 31, 2019? (Enter losses with a minus sign or parentheses.)

The total net income earned by the business was

20000