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How much is the net income for the year ended

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Question - Bruno Mars Enterprises provided the following totals and balances of financial statement elements on December 31, 2020.Owner's equity - 375,000; wages expense - 60,000; Service revenues - 150,000; prepaid rent expense - 33,000; utilities expense - 16,500; accrued expenses - 18,750; accrued interest income - 2,500; delivery expense - 10,600. How much is the net income for the year ended?

A) 29,900

B) 46,650

C) 13,650

D) 62,900

Reference no: EM132769988

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