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How much is the net income for the year ended

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Reference no: EM132800602

Question - Bruno Mars Enterprises provided the following totals and balances of financial statement elements on December 31, 2020. Owner's equity - $375,000; wages expense - $60,000; Service revenues - $150,000; prepaid rent expense - $33,000; utilities expense - $16,500; accrued expenses - $18,750; accrued interest income - $ 2,500; delivery expense - $10,600. How much is the net income for the year ended?

A. $62,900

B. $46,650

C. $13,650

D. $29,900

Reference no: EM132800602

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