Cash $ 70,600 Accounts Receivable 28,600 Supplies 4,600 Accounts Payable 10,600 Notes Payable 5,300 Retained Earnings, beginning of year 17,600 Common Stock 46,000 Service Revenue 49,100 Wages Expense 8,600 Advertising Expense 5,600 Rent Expense 10,600 What is the amount of net income on the Income Statement for the year?

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05-03-2022
Mathematics

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Cash $ 70,600 Accounts Receivable 28,600 Supplies 4,600 Accounts Payable 10,600 Notes Payable 5,300 Retained Earnings, beginning of year 17,600 Common Stock 46,000 Service Revenue 49,100 Wages Expense 8,600 Advertising Expense 5,600 Rent Expense 10,600 What is the amount of net income on the Income Statement for the year?

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