(Answered) The financial statements for joseph corporation contained

Finance

The financial statements for Joseph Corporation contained the following information.

Accounts receivable	$5,000
Sales revenue	75,000
Cash	15,000
Salaries and wages expense	20,000
Rent expense	10,000

What was Joseph Corporation"s net income?

(a) $60,000. (c) $65,000.

(b) $15,000. (d) $45,000.

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