Answer:
Sales revenue 94,200
supplies expense (33,400 )
depreciation expense ( 8,700 )
income tax expense <u> ( 16,400 ) </u>
Net income 35,700
Explanation:
cash from customer 81,500
plus 12,700 not collected (increase in A/R)
sales revenue = 94,200
cash paid for operating expense 25,700
increase in account payable 7,700
we pay 25,700 expenses and also we delay payment of additional 7,700 accrued expenses:
supplies expense 33,400
paid for income tax payable 10,700
increase in income tax payable 5,700
same logic as with account payable
income tax expense 16,400
