The financial statements for Joseph Corporation contained the following information.
|
Accounts receivable
|
$5,000
|
|
Sales revenue
|
75,000
|
|
Cash
|
15,000
|
|
Salaries and wages expense
|
20,000
|
|
Rent expense
|
10,000
|
What was Joseph Corporation"s net income?
(a) $60,000. (c) $65,000.
(b) $15,000. (d) $45,000.