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Question $9$ of $9$

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The statement of income for Monty Cleaning Services Ltd$.$ for the year ended November $30$ shows Service Revenue $$140,900$; Salaries Expense $$69,100$; Repairs and Maintenance Expense $$13,700$; Supplies Expense $$6,000$; Utilities Expense $$2,000$; and Income Tax Expense $$5,900.$ The statement of changes in equity shows an opening balance for Retained Earnings of $$45,900$ and Dividends Declared $$5,100.$

$($a$)$

Calculate the net income or loss for the year.

Net Income $/$ loss $

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$($b$)$

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$($c$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.