SE3-13. Calculate net income. (LO 1,4)
Suppose a company had the following accounts and balances at year-end:
| Sales revenue | $5,400 |
| Interest revenue | $1,200 |
| Rent expense | $1,240 |
| Other operating expenses | $3,050 |
| Dividends | $1,000 |
Calculate net income by preparing the income statement for the year.
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