how would i find the net income
Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2014.
Cash $52,800
Administrative expenses 102,500
Selling expenses 82,300
Net sales 542,400
Cost of goods sold 267,400
Cash dividends declared (2014) 20,100
Cash dividends paid (2014) 18,500
Discontinued operations (loss before income taxes) 41,500
Depreciation expense, not recorded in 2013 39,300
Retained earnings, December 31, 2013 96,700
Effective tax rate 30%