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What is the net income for the CC Corporation

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Question - Use the information below to answer the following question about the CC Corporation. The CC Corporation Income Statement Accounts for the year ending December 31, 2017:

Account

Balance

Cost of goods sold

$345,000

Interest expense

$79,000

Taxes

$57,100

Revenue

$836,000

Selling, general, and administrative expenses

$93,000

Depreciation

$126,000

What is the net income for the CC Corporation for 2017?

A. $339,750

B. $261,100

C. $345,000

D. $135,900

Reference no: EM133151416

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