Question: During 2 0 2 4 , Gentile Breeze Spa reported revenue o f $ 5 0 , 0 0 0 . Total expenses for the

During 2024, Gentile Breeze Spa reported revenue of $50,000. Total expenses for the year were $30,000. Gentile Breeze Spa ended
the year with total assets of $40,000, and it owed debts totaling $10,000.At year-end 2023, the business reported total assets of
$20,000 and total liabilities of $10,000.
Read the requirements.
Requirement 1. Compute Gentile Breeze Spa's net income for 2024.
Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income.
During 2024, Gentile Breeze Spa reported revenue of $50,000. Total expenses

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