Question: Please explain the solution to this general accounting problem with accurate principles. North Peak Hardware recorded the following for June: - Revenue from Sales =

Please explain the solution to this general accounting problem with accurate principles.

North Peak Hardware recorded the following for June: - Revenue from Sales = $55,000 - Cost of Goods Sold = $33,000 - Operating Expenses = $5,000 - Rent Revenue = $800 - Gain on Asset Sale = $1,500 What is North Peak Hardware's net income for June

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