The following select account data is taken from the records of Reese Industries for 2019 Account...

 

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The following select account data is taken from the records of Reese Industries for 2019 Account Reese Industries data Sales Merchandise Inventory Sales Discounts Interest Expense Sales Returns and Allowances Interest Revenue Cost of Goods Sold Rent Expense Depreciation Expense: Office Equipment Insurance Expense Advertising Expense Accounts Receivable Amount Office Supplies Expense Rent Revenue Sales Salaries Expense Accounts payable Common Stock Marketing expense Use the data provided to calculate net income for 2019. $610,796 510,409 50,049 3,982 80,000 9.307 205.138 14.070 3,120 2.100 10.060 90,990 1285 23,529 29,954 125,074 57,712 31,827 The following select account data is taken from the records of Reese Industries for 2019 Account Reese Industries data Sales Merchandise Inventory Sales Discounts Interest Expense Sales Returns and Allowances Interest Revenue Cost of Goods Sold Rent Expense Depreciation Expense: Office Equipment Insurance Expense Advertising Expense Accounts Receivable Amount Office Supplies Expense Rent Revenue Sales Salaries Expense Accounts payable Common Stock Marketing expense Use the data provided to calculate net income for 2019. $610,796 510,409 50,049 3,982 80,000 9.307 205.138 14.070 3,120 2.100 10.060 90,990 1285 23,529 29,954 125,074 57,712 31,827

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