During 2011, Yoder Enterprises generated revenues of $90,000.The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Yoder's net income is

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Net income is calculated as revenues minus expenses. Yoder's net income is $90,000 - $45,000 - $18,000 - $3,000 = $24,000.

During 2011, Yoder Enterprises Generated Revenues of $90,000