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The following items are taken from the financial statements of the Splish Service for the...

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Accounting

The following items are taken from the financial statements of the Splish Service for the year ending December 31, 2020:

Accounts payable $ 17900
Accounts receivable 11200
Accumulated depreciation equipment 27700
Advertising expense 21000
Cash 14900
Owners capital (1/1/20) 41500
Owner's drawings 13800
Depreciation expense 12000
Insurance expense 3100
Note payable, due 6/30/21 71300
Prepaid insurance (12-month policy) 5800
Rent expense 17000
Salaries and wages expense 32200
Service revenue 130800
Supplies 4100
Supplies expense 6000
Equipment 223600

What is the companys net income for the year ending December 31, 2020?

$15700

$130800

$25700

$39500

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