Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $64,000 2) borrowed $37,000 from its bank 3) provided consulting services for $62,000 cash 4) paid back $27,000 of the bank loan 5) pald rent expense for $15,000 6) purchased equipment for $24,000 cash 7) paid $4,200 dividends to stockholders 8) paid employees' salaries of $33,000 What is Yowell's net income for Year 12 Multiple Choice W 6 of 50 !! Next