Sunny Corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. During the year Sunny earned se

Question

4 years ago

11

Sunny Corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. During the year Sunny earned se

rvice revenue of $ 285 comma 000 and had the following expenses: salaries, $ 185 comma 000; rent, $ 81 comma 000; and utilities, $ 25 comma 000. At year-end Sunny's cash balance was down to $ 79 comma 000. How much net income (or net loss) did Sunny experience for the year?

Business

1 answer:

Dmitry [639] · Answer 1 · 2021-12-01T03:33:59+03:00

Dmitry [639]4 years ago

6 0

Answer:

How much net income (or net loss) did Sunny experience for the year?

Net loss 6000

Explanation:

Cash 142.000

Land 47.000

Revenue 285.000

Salaries 185.000

Rent 81.000

Utilities 25.000

Net loss -6.000