A company had the following amounts at the end of the year:
Cash $ 11,200
Supplies Expense 1,500
Dividends 2,600
Service Revenue 23,500
Prepaid Rent 4,300
Salaries Expense 8,200
Accounts Payable 12,700
Land 36,900
What amount would the company report for net income?
A) $11,200.
B) $6,900.
C) $13,800.
D) $42,300.
Answer: C
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