The following list of accounts is from the adjusted trial balance for Blue spruce corporation ; Account payable 152,760 , accounts receivable 213,180, accumulated depreciation buildings 111,720 , accumulated depreciation equipment 258,780, advertising expense 127,680, buildings 487,920, cash 80,940, common shares 262,200, costs of goods sold 1,269,960, Deferred revenue 36,480, depreciation expense 214,320, equipment 1,077,300, income tax expense 69,540, interest expense 133,380, inventory 264,480, land 1,254,000 , loan payable (due in 2 years )2,223,000 , prepaid expenses 33,060 , property tax payable 20,520 , refund liability 23,940, salaries expense 884,640 , salaries payable 29,640 , sales 2,991,360 Determine the amount of blue spruce's net income

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following list of accounts is from the adjusted trial balance for Blue spruce corporation ; Account payable 152,760 , accounts receivable 213,180, accumulated depreciation buildings 111,720 , accumulated depreciation equipment 258,780, advertising expense 127,680, buildings 487,920, cash 80,940, common shares 262,200, costs of goods sold 1,269,960, Deferred revenue 36,480, depreciation expense 214,320, equipment 1,077,300, income tax expense 69,540, interest expense 133,380, inventory 264,480, land 1,254,000 , loan payable (due in 2 years )2,223,000 , prepaid expenses 33,060 , property tax payable 20,520 , refund liability 23,940, salaries expense 884,640 , salaries payable 29,640 , sales 2,991,360 Determine the amount of blue spruce's net income

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