Question: Please answer problem #4, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The following information relates to Sheffield Corp. for the year 2022. Advertising

Please answer problem #4, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The following information relates to Sheffield Corp. for the year 2022. Advertising expense $1.910 Retained earnings, January 1, 2022 $50,880 Dividends during 2022 5,300 Rent expense 11,020 Service revenue 66,250 Utilities expense 3,290 Salaries and wages expense 29,680 Other comprehensive income (net of tax) 420 (a) After analyzing the data, compute net income. Net income/(loss) $

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