Use The Balanace Sheet As below 1 2 A 3 4 Cash 5 Accounts receivable 6 Note

Use The Balanace Sheet As below 

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1 2 A 3 4 Cash 5 Accounts receivable 6 Note receivable 7 Prepaid services 8 Office equipment 9 Accounts payable 10 Unearned ticket revenue 11 Owner, Capital 12 Owner, Withdrawals 13 Ticket revenue B Trial Balance December 31 14 Rental revenue 15 Salaries expense 16 Utilities expense 17 Rent expense 18 Totals 19 Debit $5,700 1,400 11,100 3,800 27,400 1,600 2,800 2,400 1,700 $57,900 Which formula correctly calculates net income? C Credit $7,600 4,400 37,000 7,200 1,700 $57,900 1 2 A 3 4 Cash 5 Accounts receivable 6 Note receivable 7 Prepaid services 8 Office equipment 9 Accounts payable 10 Unearned ticket revenue 11 Owner, Capital 12 Owner, Withdrawals 13 Ticket revenue B Trial Balance December 31 14 Rental revenue 15 Salaries expense 16 Utilities expense 17 Rent expense 18 Totals 19 Debit $5,700 1,400 11,100 3,800 27,400 1,600 2,800 2,400 1,700 $57,900 Which formula correctly calculates net income? C Credit $7,600 4,400 37,000 7,200 1,700 $57,900

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