4. Merchandising Operations / Single-step Income Statement / Problem 12
Problem 12
Given the following data: Sales Revenue \$350,000, Service Revenue \$60,000, Wage Expense \$45,000, Interest Expense \$15,000, Cost of Goods Sold \$160,000, Income Tax Expense \$25,000, Other Expenses \$35,000. What is the net income?
