Please make a conclusion based on income statement below: Net Income RM...
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Accounting
Please make a conclusion based on income statement below:
| Net Income | RM |
| Revenue | |
| Service Revenue | 27,000 |
| Commission Revenue | 57,000 |
| Total Revenue | 84,000 |
| Expenses | |
| Insurance Charges | 350 |
| Rental expense | 6,000 |
| Utilities expense | 2,000 |
| Salaries expense | 30,000 |
| Interest expense | 5,000 |
| Telephone Charges | 700 |
| Commission expense | 11,250 |
| Office Maintenance exp | 500 |
| Total expenses | 55,800 |
| Net Income | 28,200 |
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