A company's financial records at the end of the year included the following amounts: Cash $70,600...

 

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A company's financial records at the end of the year included the following amounts: Cash $70,600 Accounts Receivable 28,600 Supplies Accounts Payable Notes Payable Retained Earnings, beginning of year 4,600 10,600 5,300 17,600 Common Stock 46,000 Service Revenue 49,100 Wages Expense Advertising Expense Rent Expense 8,600 5,600 10,600 What is the amount of net income on the income statement for the year? A company's financial records at the end of the year included the following amounts: Cash $70,600 Accounts Receivable 28,600 Supplies Accounts Payable Notes Payable Retained Earnings, beginning of year 4,600 10,600 5,300 17,600 Common Stock 46,000 Service Revenue 49,100 Wages Expense Advertising Expense Rent Expense 8,600 5,600 10,600 What is the amount of net income on the income statement for the year?

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