Question: Another name for the balance sheet is the A. statement of earnings. B. statement of profit and loss. OC. statement of operations. OD. statement of

Another name for the balance sheet is the A. statement of earnings. B. statement of profit and loss. OC. statement of operations. OD. statement of financial position. Dobson Corporation began the year with cash of $30,000 and a computer that cost $17,000. During the year, Dobson earned sales revenue of $145,000 and had the following expenses: salaries, $57,000; rent, $6,500; and utilities, $500. At year-end, Dobson's cash balance was down to $11,000. How much net income (or net loss) did Dobson experience for the year? OA. $(19,000) OB. $145,000 C. $81,000 OD. $105,000

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