Given the following information, find net income: Accounts Receivable $98,000 Prepaid Rent Expense 69,000 Retained Earnings...

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Given the following information, find net income: Accounts Receivable $98,000 Prepaid Rent Expense 69,000 Retained Earnings 252,000 Sales Revenue 495,000 Freight-Out 15,000 Unearned Revenue 176,000 Accounts Payable 50,000 Salaries Expense 46,000 Depreciation Expense 3,000 Cost of Goods Sold 5,000 Net Income is (Hint – only use Income Statement accounts): $426,000 $441,000 $548,000 $357,000 Given the following information, find net income: Accounts Receivable $98,000 Prepaid Rent Expense 69,000 Retained Earnings 252,000 Sales Revenue 495,000 Freight-Out 15,000 Unearned Revenue 176,000 Accounts Payable 50,000 Salaries Expense 46,000 Depreciation Expense 3,000 Cost of Goods Sold 5,000 Net Income is (Hint – only use Income Statement accounts): $426,000 $441,000 $548,000 $357,000

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