Peck Company
The Peck Company reported the following items on its financial statements for the year ending December 31, 2012.
$\begin{array}{llll}
\text { Sales } & \$ 1,560,000 & \text { Cost of sales } & \$ 1,400,000 \
\text { Selling, general and } & & \text { Other expense } & 30,000 \
\text { administrative expense } & 40,000 & & \
\text { Dividends } & 10,000 & \text { Income tax expense } & 25,000
\end{array}$
-Refer to the information provided above for Peck Company. The Income Statement of Peck will report net income for the current year in the amount of:

Question

Peck Company 
The Peck Company reported the following items on its financial statements for the year ending December 31, 2012.
$\begin{array}{llll}
\text { Sales } & \$ 1,560,000 & \text { Cost of sales } & \$ 1,400,000 \
\text { Selling, general and } & & \text { Other expense } & 30,000 \
\text { administrative expense } & 40,000 & & \
\text { Dividends } & 10,000 & \text { Income tax expense } & 25,000
\end{array}$ 
-Refer to the information provided above for Peck Company. The Income Statement of Peck will report net income for the current year in the amount of:

Quizplus · Accepted Answer

The Answer of Peck Company 
The Peck Company reported the following items on its financial statements for the year ending December 31, 2012.
$\begin{array}{llll}
\text { Sales } & \$ 1,560,000 & \text { Cost of sales } & \$ 1,400,000 \
\text { Selling, general and } & & \text { Other expense } & 30,000 \
\text { administrative expense } & 40,000 & & \
\text { Dividends } & 10,000 & \text { Income tax expense } & 25,000
\end{array}$ 
-Refer to the information provided above for Peck Company. The Income Statement of Peck will report net income for the current year in the amount of:

Peck Company the Peck Company Reported the Following Items

Peck Company
the Peck Company Reported the Following Items