Topaz Company had the following information on its income statement:
Sales
$91,000
Cost of goods sold
- 28,000
Gross profit
$63,000
Salaries
- 18,000
Rent
- 10,000
Penalties
- 4,000
Business meals with clients
- 6,000
Federal income tax
?
Net income
?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a $18,910
b $17,380
c $19,120
d $18,700
Your answer