4. Merchandising Operations / Single-step Income Statement / Problem 4
Problem 4
Given the following data: Sales Revenue \$300,000, Service Revenue \$50,000, Wage Expense \$40,000, Interest Expense \$10,000, Cost of Goods Sold \$150,000, Income Tax Expense \$20,000, Other Expenses \$30,000. What is the net income?
