The amount of net income will be;
$ 36,755 - $ 32,735 = $4020.
The balance sheet is the financial statement that summarizes the value of an entity's resources and the claims on those resources at any given time.
The balance sheet does not contain any of the same accounts as the income statement, however, it summarizes the income statement on one line called the Net income, that is inserted at the end of the Equity section of each Balance sheet. The net income entry completes the accounting equation for the balance sheet; Assets = liabilities + Total Equity.
Your actual rate of return is -1% if you have a savings account that offers a nominal interest rate of 1% but inflation is now at roughly 2%.
<h3>How is real interest rate determined from nominal and projected rates?</h3>
The difference between the nominal interest rate and the inflation rate is used to calculate the real interest rate for an investment: Real interest rate is calculated as nominal interest rate minus inflation (expected or actual).
<h3>We determine the real interest rate for what reasons?</h3>
Lenders want to lend money at interest rates that fluctuate with the current market interest rate because doing so helps them to avoid the danger of lending at an extremely low real interest rate. This preference is driven by the idea of the real interest rate.
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