Select the correct answer.
What is the net income of the corporation?
Income Statement
Items
Revenues
Sales Revenue
500,000
Cost of Goods Sold
20,000
Administration Expenses 20,000
30,000
15,000
15,000
Selling expenses
Depreciation
Taxes
A. $400,000
B. $100,000
C. $450,000
D. $300,000
E. $150,000
