Question: Gump Enterprises began operations by receiving $ 1 2 2 , 0 0 0 cash from its sole owner, Forrest Gump. During its first year

Gump Enterprises began operations by receiving $122,000 cash from its sole owner, Forrest Gump. During its first year of operations, the business earned $24,400 in cash from operations and paid $18,300 in cash expenses. What is Gump Enterprises' net income for its first year of operations?
$18,300
$24,400
$128,100
$6.100
 Gump Enterprises began operations by receiving $122,000 cash from its sole

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