Answer Happy

The following items are taken from the financial statements of the Bonita Service for the year ending December 31, 2020: Accounts payable $ 17800 Accounts receivable 11000 Accumulated depreciation - equipment 27800 Advertising expense 20900 Cash 14800 Owner's capital (1/1/20) 42400 Owner's drawings 14100 Depreciation expense 12000 Insurance expense 3000 Note payable, due 6/30/21 71200 Prepaid insurance (12-month policy) 5600 Rent expense 17300 Salaries and wages expense 31700 Service revenue 134800 Supplies 4000 Supplies expense 6100 Equipment 224400 What is the company's net income for the year ending December 31, 2020? O $15800 O $134800 O $29700 $43800 Save for Later Attempts: 0 of 1 used Submit Answer