Question: Question 3 (5 points) Sufjan Stevens Ito began the Sufjan Company by investing $25,000 of cash in the business. The company recorded revenues of

Question 3 (5 points) Sufjan Stevens Ito began the Sufjan Company by

Question 3 (5 points) Sufjan Stevens Ito began the Sufjan Company by investing $25,000 of cash in the business. The company recorded revenues of $185,000, expenses of $140,000, and had owner drawings of $10,000. What was Sufjan's net income for the year? a) $45,000. b) $35,000. c) $60,000. d) $55,000.

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