In June, Blackfly Ltd$.$ received a $$5,000$ cash payment for work billed the previous

month. The company replanted a clear$-$cut area of northern Alberta for which it sent

out an invoice for $$20,000.$ At the beginning of the month the company had $$1,000$

of trees for planting. During the month the company purchased $$4,000$ more, and at

the end of the month it was left with trees that had cost $$500.$ The company's

expenses were $$1,000$ in rent for its office and $$3,000$ in other expenses.

Amortization on the truck and office equipment was calculated to be $$500.$ The

income tax rate is $10\%.$ The sales revenue for the company for the month was

$1$ point

$$1,000$

$$5,000$

$$20,000$

$$25,000$

none of the listed answers $7.$ In June, Blackfly Ltd$.$ received a $$5,000$ cash payment for work billed the previous month. The company replanted a clear$-$cut area of northern Alberta for which it sent out an invoice for $$20,000.$ At the beginning of the month the company had $$1,000$ of trees for planting. During the month the company purchased $$4,000$ more, and at the end of the month it was left with trees that had cost $$500.$ The company$$s expenses were $$1,000$ in rent for its office and $$3,000$ in other expenses. Amortization on the truck and office equipment was calculated to be $$500.$ The income tax rate is $10\%.$ The sales revenue for the company for the month was

$1$ point

$$1,000$

$$5,000$

$$20,000$

$$25,000$

none of the listed answers