The account balances for Premera Blue Cross are listed below. All balances are as of...
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Accounting
The account balances for Premera Blue Cross are listed below. All balances are as of December 31, 2023, except where noted otherwise.
Accounts Payable $16,500
Rent Expense $18,000
Accounts Receivable 28,800
Equipment 247,500
Wages Payable 7,800
Furniture 66,000
Prepaid Expenses 3,600
Notes Payable (due 12/31/25) 105,000
Dividends 6,000
Accumulated Depreciation 31,350
Sales Revenue 329,250
Cash 78,000
Notes Payable (due 4/30/24) 3,000
Common Stock 60,000
Cost of Goods Sold 158,400
Goodwill 150,000
Loss on Sale of Equipment 10,500
Retained Earnings (1/1/23) 42,450
Inventory 28,500
Marketable Equity Securities 1200
Advertising Expense 9,000
Depreciation Expense 31,350
Insurance Expense 6,000
Unearned Revenue 12,600
Determine Income from Operations for 2023:
Select one:
a. $124,500
b. $96,000
c. $170,850
d. $137,850
e. $106,500
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