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On February 1, we borrowed $40,000 from a bank. On November 1, we repaid the...

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Accounting

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On February 1, we borrowed $40,000 from a bank. On November 1, we repaid the $40,000 along with $2,000 of interest. Net income is $600,000 not including the above information. What is net income including the above information? D. Company reported assets of $280,000, common stock of $142,000 and retained earnings of ($30,000). If the business was dissolved or broken up, what amount of assets would owners receive

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