Question: Can you show the steps? Thank you The data below are for Company N. Cash 5,600 Inventory 14,000 Unearned Revenue 2,400 Paid-in Capital 4,000 Retained

Can you show the steps? Thank you

The data below are for Company N.

Cash 5,600 Inventory 14,000

Unearned Revenue 2,400

Paid-in Capital 4,000

Retained Earnings (beginning) 6,000

Sales 50,000

Cost of Goods Sold 36,000

Rent Expense 6,800

Compute NET INCOME.

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