(Answered) Question - the ruess company began operations on january

Accounting

Question - The Ruess Company began operations on January 1st when its owners invested $50,000. The following information was available at the end of January: Cost of Goods Sold $28,800, Accounts receivable $2,300, Accounts payable $6,000, Cash $12,500, Inventory $40,800, Notes payable $80,000, Revenue $36,000, Utilities expense $400, Wage expense $9,800 and Dividends $2,200. What is the company's net income for the month?

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