Chapter 3, Problem 3.3BE

To determine

Net income:

Net income is the excess amount of revenue which is arises after deducting all the expenses of a company.  In simply, it is the difference between total revenue and total expenses of the company.

$\boxed{\text{Net}\text{income}\text{=}\text{Total}\text{revenue}\text{–}\text{Total}\text{expenses}}$

To calculate: The value of net income.