Please show work 8pt The following events apply to X Company

Please show work!

8pt The following events apply to X Company in 2016 Performed services for clients on account Performed services for clients for cash Incurred operating expenses on account Paid salaries to employees Collected cash from accounts receivable Paid cash on accounts payable $9,932 4,292 4,434 1,931 1,708 3,064 What. was net income in 2016? 7. ?? $5,420 BOS7,859 ??$11.306 DOS16,524 EO$23,959 FO$34,741

Solution

Answer: Option B. $7,859

Service revenue ($9932 + $4292)	14224
Less:
Operating expenses	4434
Salaries	1931
Net income $	7859