Turner Enterprises had the following summarized operations for the month of April: • Revenues: for cash, $40,000; on account, $22,000 Expenses incurred: for cash, $7,000; on account, $12,000 • Purchase of equipment for $10,000 on account . Purchase of supplies for $6,000 for cash How much is the net income for the month of April? a. $38,000 b. $43,000 c. $15,000 d. $50,000

Turner Enterprises had the following summarized operations for the month of April: • Revenues: for cash, $40,000; on account, $22,000 Expenses incurred: for cash, $7,000; on account, $12,000 • Purchase of equipment for $10,000 on account . Purchase of supplies for $6,000 for cash How much is the net income for the month of April? a. $38,000 b. $43,000 c. $15,000 d. $50,000