Anchor Corporation has provided the following information for its most recent year of operation: Revenues earned were $6

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Anchor Corporation Has Provided The Following Information For Its Most Recent Year Of Operation Revenues Earned Were 6 1 (41.23 KiB) Viewed 48 times

Anchor Corporation has provided the following information for its most recent year of operation: Revenues earned were $61,200, of which $6,400 were uncollected at the end of the year. Operating expenses incurred were $24,400, of which $5,200 were unpaid at the end of the year. Dividends declared were $7,600, of which $2,800 were unpaid at the end of the year. Income tax expense is $11,040. What is the amount of net income reported on Anchor's income statement?