Prepare an Income Statement using the information below and answer the questions that follow: \begin{tabular}{|l|r|} \hline Cash operating expenses & $10,000.00 \\ \hline Cash revenue & $17,000.00 \\ \hline Depreciation expense & $500.00 \\ \hline Beginning inventory value & $2,000.00 \\ \hline Ending inventory value & $8,000.00 \\ \hline Beginning investments in growing crops & $4,000.00 \\ \hline Ending investments in growing crops & $2,000.00 \\ \hline Interest expense & $700.00 \\ \hline Income taxes to be paid & $1,000.00 \\ \hline Salary from off-farm employment & $7,000.00 \\ \hline \end{tabular} What is the value of net income (after taxes)? $15,800$36,200$9,800$16,800 None of the above Prepare an Income Statement using the information below and answer the questions that follow: \begin{tabular}{|l|r|} \hline Cash operating expenses & $10,000.00 \\ \hline Cash revenue & $17,000.00 \\ \hline Depreciation expense & $500.00 \\ \hline Beginning inventory value & $2,000.00 \\ \hline Ending inventory value & $8,000.00 \\ \hline Beginning investments in growing crops & $4,000.00 \\ \hline Ending investments in growing crops & $2,000.00 \\ \hline Interest expense & $700.00 \\ \hline Income taxes to be paid & $1,000.00 \\ \hline Salary from off-farm employment & $7,000.00 \\ \hline \end{tabular} What is the value of net income (after taxes)? $15,800$36,200$9,800$16,800 None of the above