Question

Sunny Corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. During the year Sunny earned service revenue of $ 285 comma 000 and had the following​ expenses: salaries, $ 185 comma 000​; ​rent, $ 81 comma 000​; and​ utilities, $ 25 comma 000. At​ year-end Sunny​'s cash balance was down to $ 79 comma 000. How much net income​ (or net​ loss) did Sunny experience for the​ year?

Answer 1

How much net income​ (or net​ loss) did Sunny experience for the​ year?

Net loss 6000

Step-by-step explanation:

Cash 142.000

Land 47.000

Revenue 285.000

Salaries 185.000

Rent 81.000

Utilities 25.000

Net loss -6.000