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what is the net income ABC Company is a merchandising company and it...

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Accounting

image what is the net income
ABC Company is a merchandising company and it uses a perpetual inventory system. Following is the list of some of the account balances that the accounting records of ABC Company show at December 31, 2020: Sales $90,000 Salaries expense $4,000 Sales returns & allowances $3,000 Cost of goods sold $33,000 Sales discounts $2,000 D Utilities expense $1,000 Income tax expense $500 Based on the above figures, what is net income? Select one a $52,000 .$46,500 c.$51,500 d.847,000

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