Reference no: EM131185357
The following information was taken from the accounting records of ZZ, Inc. for the period ended December 31, 2016: Accounts payable $13,450 Advertising expense 20,625 Consulting fees revenue 93,550 Dividends paid 14,125 Income tax expense 13,095 Rent expense 11,728 Retained earnings 57,860 Supplies expense 16,917 Given the above information, the net income reported by ZZ, Inc. for 2016 is equal to: A) $45,110 B) $38,740 C) $35,310 D) $31,185 E) $11,385
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