You are given the following accounts for ABC Company, on 31 December 2020 Accounts Receivable $ Sales discounts $4,200 26,000 Sales Revenue $ 628,000 Cost of goods purchased $288,000 Accounts payable $ 45,000 Interest Expense $ 3,520 Beginning Inventory Land $ 120,000 ( 1 1 2020) $ 92,300 Unearned Revenue $ Sales returns and 12,000 allowances 9,300 Salaries Expense $ Other Operating 60,000 Expenses $ 70,000 Prepaid Rent $ 12,000 Ending Inventory (31 12 2020) $ 50,500 Rent Revenue $ 4,000 Salaries payable $3,800 Required Calculate the net Income (loss ) for the Company , for the year ended 31 12 2020 Note (write your answer as a number You are given the following accounts for ABC Company, on 31 December 2020 Accounts Receivable S Sales discounts $4,200 26,000 Sales Revenue $ Cost of goods 628,000 purchased $ 288,000 Interest Expense $ Accounts payable $ 3,520 45,000 Beginning Inventory Land $ 120,000 (1 1 2020) $ 92,300 Unearned Revenue $ Sales returns and 12,000 allowances 9,300 Salaries Expense $ Other Operating 60,000 Expenses $ 70,000 Prepaid Rent $ 12,000 Ending Inventory (31 12 2020) $50,500 Rent Revenue $ 4,000 Salaries payable $3,800 Required Calculate the net Income (loss) for the Company, for the year ended 31 12 2020 Note (write your answer as a number only, no dollar signs or commas)

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You are given the following accounts for ABC Company, on 31 December 2020 Accounts Receivable $ Sales discounts $4,200 26,000 Sales Revenue $ 628,000 Cost

You are given the following accounts for ABC Company, on 31 December 2020 Accounts Receivable $ Sales discounts $4,200 26,000 Sales Revenue $ 628,000 Cost of goods purchased $288,000 Accounts payable $ 45,000 Interest Expense $ 3,520 Beginning Inventory Land $ 120,000 ( 1/1/2020) $ 92,300 Unearned Revenue $ Sales returns and 12,000 allowances 9,300 Salaries Expense $ Other Operating 60,000 Expenses $ 70,000 Prepaid Rent $ 12,000 Ending Inventory (31/12 / 2020) $ 50,500 Rent Revenue $ 4,000 Salaries payable $3,800 Required: Calculate the net Income (loss ) for the Company , for the year ended 31/12 / 2020 . Note: (write your answer as a number image text in transcribed

You are given the following accounts for ABC Company, on 31 December 2020: Accounts Receivable S Sales discounts $4,200 26,000 Sales Revenue $ Cost of goods 628,000 purchased $ 288,000 Interest Expense $ Accounts payable $ 3,520 45,000 Beginning Inventory Land $ 120,000 (1/1/2020) $ 92,300 Unearned Revenue $ Sales returns and 12,000 allowances 9,300 Salaries Expense $ Other Operating 60,000 Expenses $ 70,000 Prepaid Rent $ 12,000 Ending Inventory (31/12/2020) $50,500 Rent Revenue $ 4,000 Salaries payable $3,800 Required: Calculate the net Income (loss) for the Company, for the year ended 31/12/2020. Note: (write your answer as a number only, no dollar signs or commas)