What amount of net income on the income statement for year

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A company's financial records at the end of the year included the following amounts:

Supplies 5,600

Accounts Payable 11,600

Notes Payable 5,800

Retained Earnings, beginning of year 18,600

Common Stock 56,000

Service Revenue 42,600

Wages Expense 9,600

Advertising Expense 6,600

Rent Expense 11,600

Problem 1: What is the amount of net income on the income statement for the year?

Reference no: EM132672394

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