Question: do not use write hand to answer thank you Q2. (1 Mark) The following are accounts balance in thousands) for Malak Company. Calculate Net Income
Q2. (1 Mark) The following are accounts balance in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate steps) t=35% for the year ended December 31, 2020. $ 2,000 $3,000 $37,000 $ 983,000 $ 255,000 Net property and equipment Accounts receivable Notes payable Revenues Supply expenses Depreciation expenses Labor expense Interest Expenses Stockholders' Equity Cash & cash equivalents Long-term debt $ 35,000 $300,000 $11,000 $61,500 $97,000 $3,500
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