Compute the net income for 2022 based on the following amounts presented on the adjusted trial balance of Fley Company. $\begin{array}{lc}
\text { Accumulated Depreciation - Equip. } & \$ 25,000 \
\text { Depreciation Expense }& 14,000 \
\text { Salaries and Wages Expense } & 25,000 \
\text { Service Revenue } &48,000 \
\text { Salaries and Wages Payable } & 7,000
\end{array}$

Question

Compute the net income for 2022 based on the following amounts presented on the adjusted trial balance of Fley Company. $\begin{array}{lc}
\text { Accumulated Depreciation - Equip. } & \$ 25,000 \
\text { Depreciation Expense }& 14,000  \
\text { Salaries and Wages Expense } & 25,000 \
\text { Service Revenue  } &48,000 \
\text { Salaries and Wages Payable } & 7,000
\end{array}$

Quizplus · Accepted Answer

The Answer of Compute the net income for 2022 based on the following amounts presented on the adjusted trial balance of Fley Company. $\begin{array}{lc}
\text { Accumulated Depreciation - Equip. } & \$ 25,000 \
\text { Depreciation Expense }& 14,000  \
\text { Salaries and Wages Expense } & 25,000 \
\text { Service Revenue  } &48,000 \
\text { Salaries and Wages Payable } & 7,000
\end{array}$

Compute the Net Income for 2022 Based on the Following