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How much is the net income for year 2017

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Question

An analysis of the records disclosed changes in account balances for 2017 as follows: cash, $9,000 increase; accojnts receivable, $2,000 decrese; merchandise inventory, $15,000 increase; accojnt payable, $8,000 increase. During 2017, the owner transferred marketable securities that he owned to the business and these were sold for $6,000 to finance purchase of merchandise. Also the owner made withdrawals for $4,000 during the year.

How much is the net income for year 2017 ?

Reference no: EM132381916

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