Below are some selected financial account ending balances for Bayouk Company (The below list does not include all the asset/liability/equity accounts but does include all the accounts to create an income statement!) Account Name Account Ending Balance Cash 23,000 Accounts receivable 3,000 Inventory 8,000 Prepaid Rent 1,000 Wages payable 5,000 Retained earnings 19,000 Revenue 90,000 Cost of goods sold 2,000 Depreciation expense 4,000 Wage expense 6,000 Interest expense 2,000 What is Bayouk Company's net income based on the information above? 

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To calculate the net income you need to subtract t... View the full answer