The adjusted trial balance for willow company as of december 31 is presented below. debit credit cash $ 15,000 accounts receivable 22,000 land 165,000 accounts payable $ 32,000 common stock 60,000 retained earnings 89,000 service revenue 57,000 salaries expense 19,000 advertising expense 11,000 utilities expense 6,000 totals $ 238,000 $ 238,000 calculate net income.

The net income is $21,000

Explanation:

In the income statement, the total revenues and the total expenses are recorded.  

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.  

The computation of the net income is shown below:

Net income = Service revenue - Salaries Expense -  Advertising Expense - Utilities Expense

= $57,000 - $19,000 - $11,000 - $6,000

= $21,000

The service  revenue denotes all revenues

And, Salaries Expense + Advertising Expense  + Utilities Expense denotes all expenses

hello the answer is d