The following information was taken from the accounting records of ABC Company for the period ended...

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The following information was taken from the accounting records of ABC Company for the period ended January 31, 2019: (at Jan

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Answer 1

Answer #1

Calculate net income

Sales revenue	93000
Rental revenue	11000
Total revenue	104000
Expenses
Cost of goods sold	36000
Advertising expense	17000
Wages expense	12000
Income tax expense	14000
Total expense	79000
Net income	25000

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Answer 2

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