Question: Summarized operations for H. J. Oslo Co. for the month of July are as follows. Revenues earned: for cash $30,000; on account $70,000. Expenses incurred:

Summarized operations for H. J. Oslo Co. for the month of July are as follows.
Revenues earned: for cash $30,000; on account $70,000.
Expenses incurred: for cash $26,000; on account $40,000.
Indicate for H. J. Oslo Co.
(a) The total revenues,
(b) The total expenses,
(c) Net income for the month of July

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