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Find the amount of net income shown on income statement

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Reference no: EM132756899

Question - The following selected account balances were drawn from the financial statements of the XYZ Company at December 31, end of the accounting period.

Cash $15,000

Accounts Receivable $20,000

Salaries Expense $14,000

Service Revenue $30,000

Common Stock $13,700

Interest Expense $3,000

Salaries Payable $9,000

Ending Retained Earnings $34,000

Land $28,000

Unearned Revenue $6,300

Based on this information, find the amount of net income shown on XYZ's 12/31 income statement?

A. $28,000

B. $25,000

C. $15,000

D. $13,000

Reference no: EM132756899

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