Solved: The following table contains financial information for, Accounting Basics

The following table contains financial information for

The following table contains financial information for Trumpeter Inc. before closing entries:

Cash	$12,200
Supplies	5,600
Prepaid Rent	3,100
Salary Expense	4,800
Equipment	66,000
Service Revenue	28,700
Miscellaneous Expenses	22,000
Dividends	3,600
Accounts Payable	3,400
Common Stock	67,100
Retained Earnings	18,100

What is Trumpeter's net income?

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