Saraswati SA, a French company, is struggling to calculate its net income for the twelve months ending
December 31, 2022. They provide you with the following information related to this accounting period.
a. Operating expenses include depreciation expense of €42 000.
b. Cash dividends of €12 000 were paid.
c. Operating profit amounted to €60 000.
d. Interest expense amounted to €6 000.
e. Income tax expense amounted to €15 000.
f. Equipment was purchased for €92 000 cash.
g. Exceptional transaction: equipment costing €22 000 with a NBV of €10 000 was sold for €8 000 cash.
Saraswati SA’s net income for Year 2022 is:
A. €19 000 B. €21 000 C. €39 000 D. €3 000 E. None of these