A Company Had the Following Information The Net Income for the Period Is:
A) $26,800
B)

A company had the following information: $\begin{array}{lll}\text { Cash } & \$ 6,000& \text { Sales } & \$ 142,000 \\\text { Depreciation expens e } & 4,000 &\text { Dividends paid } & 3,000 \\\text { Prep aid rent } & 1,400 &\text { Rent expense } & 3,600 \\\text { Cost of goods sold } & 68,000 &\text { Wage expense } & 41,000\end{array}$ The net income for the period is:

A) $26,800
B) $22,400
C) $25,400
D) $23,800

Correct Answer:

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