Potter Company reports the following line items: Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash...

  

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Potter Company reports the following line items: Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Salaries Expense Common Stock Interest Payable Land Short-term Investments Income Taxes Payable A. $109,000 B. $42,000 C. $64,500 D. $26,000 $50,000 $28,000 $37,000 $55,000 $80,000 $22,500 $26,000 $1,500 $40,000 $5,000 $10,000 Common Stock Interest Payable Land Short-term Investments Income Taxes Payable Equipment Supplies Service Revenue Supplies Expense Utilities Expense Income Tax Expense What is net income? A. $109,000 B. $42,000 C. $64,500 D. $26,000 $26,000 $1,500 $40,000 $5,000 $10,000 $59,500 $5,000 $109,000 $19,000 $11,500 $14,000 Potter Company reports the following line items: Long-Term Notes Payable Accounts Receivable Accounts Payable Building Cash and Cash Equivalents Salaries Expense Common Stock Interest Payable Land Short-term Investments Income Taxes Payable A. $109,000 B. $42,000 C. $64,500 D. $26,000 $50,000 $28,000 $37,000 $55,000 $80,000 $22,500 $26,000 $1,500 $40,000 $5,000 $10,000 Common Stock Interest Payable Land Short-term Investments Income Taxes Payable Equipment Supplies Service Revenue Supplies Expense Utilities Expense Income Tax Expense What is net income? A. $109,000 B. $42,000 C. $64,500 D. $26,000 $26,000 $1,500 $40,000 $5,000 $10,000 $59,500 $5,000 $109,000 $19,000 $11,500 $14,000