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What is the company net income for tenisa

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Reference no: EM132647135

Tenisa's friend Carma owns a floral shop, Petunias & Petals. Carma does the bookkeeping herself and is working on creating an income statement. The company has the following account balances at the end of the year:

Interest Expense - $45,000
Other Non-Operating Income - $58,000
Cost of Goods Sold - $404,000
Administrative Expenses - $25,000
Revenues - $542,000
Income Taxes - $1,000
Marketing Expenses - $30,000

Problem 1: What is the company's net income?

Reference no: EM132647135

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