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20 February, 07:05

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

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  1. 20 February, 07:31
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    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
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