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Kangaroo Company had the following account balances for a period: Retained Earnings $300,000...

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Accounting

Kangaroo Company had the following account balances for a period:
Retained Earnings $300,000
Inventory $25,000
Revenue $200,000
Salary Expense $70,000
Accounts Payable $30,000
Advertising Expense $40,000
Income Tax Expense $10,000
What was Kangaroo's Net Income?
Group of answer choices
$50,000
$380,000
$90,000
$80,000

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