Question 3 1 1 Using the data below from Baker Corporation, compute NET INCOME. Accounts Payable $60 Cost of Services 125 Cash 50 Capital Stock 200 Dividends 80 Equipment 820 Accounts Receivable 225 430 25 100 Long-term Debt Prepaid Insurance Expense Rent Expense Retained Earnings (beginning) Service Revenue Advertising Expense 350 600 165 $210 350 (beginning) Service Revenue 600 Advertising Expense 165 O $210 O $130 O $185 $105 $335 Question 4