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Problem (38 points) United Parcel Service, Inc. (UPS) says in its first footnote that: it was founded in 1907 as a private mk) Based on the journal entries youve prepared, calculate UPS Net Income. SHOW YOUR WORK. UPS Net Income $43348 74094-2860

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Journal Entries Transaction Account Titles Credit $ Debit $ $5,205 a Cash Notes Payable $5,205 b $74,094 Accounts ReceivableAnswer(i) Cash $3,194 $4,225 5,205 68,438 $74,674 UPS Ending Cash Balance $74,674

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