Use the information below to answer the following questions about the Canary Cruises Corporation. The...
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Finance
Use the information below to answer the following questions about the Canary Cruises Corporation.
The Canary Cruises Corporation Income Statement Accounts for the year ending December 31, 2017
| Account | Balance |
| Cost of goods sold | $345,000 |
| Interest expense | $79,000 |
| Taxes | $57,100 |
| Revenue | $836,000 |
| Selling, general, and administrative expenses | $93,000 |
| Depreciation | $126,000 |
Refer to the Canary Cruises Corporation Income Statement Accounts. What is the net income for the Canary Cruises Corporation for 2017?
A.
$339,750
B.
$228,900
C.
$135,900
D.
$261,100
E.
$345,000
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