Business, 16.09.2019 22:20 chutchins0406

Sommer corporation began the year with cash of $130,000 and land that $55,000. during the year sommer earned service revenue of $280,000 and had the following expenses: salaries, $159,000; rent, $85,000; and utilities, $25,000. at year-end sommer's cash balance was down to $19,000. how much net income (or net loss) did sommer experience for the year?

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Sommer corporation began the year with cash of $130,000 and land that $55,000. during the year somme...

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