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, 2024. Calculate Red Company’s Income from Operations: Debit Credit Allowance for Doubtful Accounts $ 22,000 Bad Debt Expense $ 6,000 Cost of Goods Sold 49,000 Depreciation Expense 5,825 Income Tax Expense 3,700 Office & Supplies Expense 5,700 Salary Expense 12,250 Sales 93,000 Dividend Revenue 10,500