Question: Sheffield Corp. started the month of June 2022 with total assets of $220000 and total liabilities of $130000. During June, the business recorded $328000

Sheffield Corp. started the month of June 2022 with total assets of ( $ 220000 ) and total liabilities of ( $ 130000 ).

Sheffield Corp. started the month of June 2022 with total assets of $220000 and total liabilities of $130000. During June, the business recorded $328000 in revenues, $164000 in expenses, and dividends of $69000. The net income reported by Sheffield Corp. for the month of June was O $194000. O $130000. O $151000. O $164000.

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