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Calculate the amount of net income

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Question: The following selected account balances were drawn from the financial statements of the XYZ Company at December 31, end of the accounting period.

Cash $15,000

Accounts Receivable $20,000

Salaries Expense $14,000

Service Revenue $30,000

Common Stock $13,700

Interest Expense $ 3,000

Salaries Payable $ 9,000

Ending Retained Earnings $34,000

Land $28,000

Unearned Revenue $ 6,300

Based on this information, the amount of net income shown on XYZ's 12/31 income statement is.

Reference no: EM132757294

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