During 2014, Yoder Enterprises generated revenues of $120,000. The company's expenses were as follows: cost of goods sold of $60,000, operating expenses of $24,000 and a loss on the sale of equipment of $4,000. Yoder's net income is

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Net income is calculated as total revenues minus total expenses. Yoder's net income is $120,000 (revenues) - $60,000 (cost of goods sold) - $24,000 (operating expenses) - $4,000 (loss on sale of equipment) = $32,000.

During 2014, Yoder Enterprises Generated Revenues of $120,000