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What is clinic 2018 net income

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Reference no: EM132390802

Entries for the Clinic 2018 income statement are listed below in alphabetical order.

Depreciation expense $75,000

General & Admin expenses $50,000

Interest income $10,000

Net income ????

Nonoperating income $30,000

Other operating revenue 12,000

Patient service revenue $500,000

Provision for bad debts $20,000

Purchased clinic services $100,000

Salaries & benefits $125,000

a. Reorder the data to reflect income statement format.

b. What is Clinic's 2018 net income?

Reference no: EM132390802

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