Below is a partial trial balance for the Red Company as of D…
Below is a partial trial balance for the Red Company as of December 31, 2023. Calculate Red Company’s Income from Operations: Debit Credit Allowance for Doubtful Accounts $ 20,000 Bad Debt Expense $7,000 Cost of Goods Sold 45,000 Depreciation Expense 4,025 Income Tax Expense 3,500 Office & Supplies Expense 9,000 Salary Expense 11,500 Sales 90,000 Dividend Revenue 10,000