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Required information [The following information applies to the questions displayed below.) The following is a...

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Accounting

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Required information [The following information applies to the questions displayed below.) The following is a listing of some of the balance sheet accounts and all of the income statement accounts for Aldine Inc. as they appear on the company's adjusted trial balance. $ 13,000 Accounts Payable Accounts Receivable Inventory Advertising Expense Cost of Goods Sold 23,000 22.400 18,000 137.000 Delivery Expense Income Tax Expense Insurance Expense Rent Expense Sales Revenue 7,200 3,900 1,000 16,800 280,000 Sales Discounts Sales Returns and Allowances 9,800 37,000 Net income would be Multiple Choice $49,300 1.UU Cost of Goods Sold Delivery Expense Income Tax Expense Insurance Expense Rent Expense Sales Revenue Sales Discounts Sales Returns and Allowances 7,200 3,900 1,000 16,800 280,000 9,800 37.000 Net Income would be Multiple Choice $49,300 $62,100 $53,200 $52,200

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