FIN101- Please read question carefully and answer original answer. no handwriting please I will rate you thanks for your efforts in advance.

Q2. (1 Mark) The following are accounts balance (in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate steps) E=35% for the year ended December 31, 2020. Net property and equipment $ 2,000 Accounts receivable $3,000 Notes payable $37,000 Revenues $ 983,000 $ 255,000 Supply expenses Depreciation expenses $ 35,000 Labor expense Interest Expenses Stockholders' Equity Cash & cash equivalents $300,000 $11,000 $61,500 $97,000 $3,500 Long-term debt