Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned...

 

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Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $97,000, of which $9,000 were uncollected at the end of the year. Operating expenses incurred were $39,000, of which $7,000 were unpaid at the end of the year. Dividends declared were $11,000, of which $3,000 were unpaid at the end of the year. Income tax expense is $17.400. What is the amount of net income reported on Sparty's income statement? O $39,300. O $32,900. O $40.600. $33,600. Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $97,000, of which $9,000 were uncollected at the end of the year. Operating expenses incurred were $39,000, of which $7,000 were unpaid at the end of the year. Dividends declared were $11,000, of which $3,000 were unpaid at the end of the year. Income tax expense is $17.400. What is the amount of net income reported on Sparty's income statement? O $39,300. O $32,900. O $40.600. $33,600.

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