Given the information below, calculate net income in the current period.
Accounts Receivable $ 14,700
Rent Expense 7,500
Insurance Expense 2,100
Common Stock 24,000
Service Revenue 28,300
Supplies 4,300
Equipment 21,600
Income Tax Expense 4,200
A) $27,300.
B) $29,200.
C) $14,500.
D) $10,200.
Answer: C
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