Answer:
Fightin' Blue Hens Corporation
Income Statement
For the year ended December 31, 2021
Service Revenue $420,000
Operating expenses:
- Salaries Expense $320,000
- Rent Expense $16,000
- Depreciation Expense $32,000 <u>($368,000)</u>
Operating income $52,000
Other revenues and expenses:
- Interest Expense $4,200 <u> ($4,200)</u>
Net income before taxes $47,800
*The totals of the trial balance sheet were added incorrectly, they both debit and credit total $876,600.
Answer:
C
Explanation:
Countries rely on each other for cheaper products