Mason corporation began the year with cash of 35000 and a

Reference no: EM13570164

Mason Corporation began the year with cash of $35,000 and a computer that cost $62,000. During the year Mason earned sales revenue of $55,000 and had the following expenses: salaries, $58,000; rent, $21,000; and utilities, $6,000. At year-end Mason's cash balance was down to $18,000. How much net income did Mason experience for the year?

Reference no: EM13570164

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