Hello tutor please provide this question solution general accounting Andre's Bakery has sales of $487,000 with costs of $263,000.Interest expense is $26,000 and depreciation is $42,000. The tax rateis 21 percent. What is the net income?A) $142,750B) $123,240C) $109,000D) $128,700E) $134,550

Step 1: Define Net IncomeNet income refers to the income that remains after paying expenses like…

Answered: Andre's Bakery has sales of $487,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Andre's Bakery has sales of $487,000 with costs of $263,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 21 percent. What is the net income? A) $142,750 B) $123,240 C) $109,000 D) $128,700 E) $134,550