Owner investment: $8,000 Revenue: $15,000
Equity: $21,000
Expenses: $3,000

Based on this data, the net profit or loss on the income statement should be:

$12,000

Step-by-step explanation:

The Income statement shows the Net Profit or Loss for a company in a given period. That Net income is calculated by subtracting expenses from the revenue for the period:

= Revenue - Expenses

= 15,000 - 3,000

= $12,000

answer: what

step-by-step explanation:

a 270° rotation about point p says on e d g e n u it y (had to space it out because it says it's a misspelling so i couldn't submit it