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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
Assuming the following copies were made during the year, 2,685,250 for sales and 3,008,750 for administration, calculate the copy department costs allocated
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