Business, 18.02.2020 02:55 xeskimopie

Marvin's Mechanical Repair Shop started the year with total assets of $60,000, total liabilities of $40,000, and retained earnings of $18,000. During the year, the business recorded $100,000 in auto repair revenues, $70,000 in expenses, and the company paid dividends of $15,000.
(A) The net income reported by Marvin's Mechanical Repair Shop for the year was .

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Marvin's Mechanical Repair Shop started the year with total assets of $60,000, total liabilities of...