Answer:
so net income is $45000
Explanation:
given data
Accounts receivable = $5000
Sales revenue = 75000
Cash = 15000
Salaries and wages expense = 20000
Rent expense = 10000
to find out
net income
solution
we will find net income by the given expression as
net income = Sales revenue - Rent expense - Salaries and wages expense .......................1
put here all these value in equation 1 we get net income
net income = 75000 - 10000 - 20000
net income = 45000
so net income is $45000
