A Company Had the Following Information The Net Income for the Period Is_____

Multiple Choice

A company had the following information: $$\begin{array} { l r l r } \text { Cash } & \$ 6,000 & \text { Sales } & \$ 142,000 \\\text { Depreciation expense } & 4,000 & \text { Dividends paid } & 3,000 \\\text { Prepaidrent } & 1,400 & \text { Rent expense } & 3,600 \\\text { Cost of goods sold } & 69,000 & \text { Wage expense } & 41,000\end{array}$$ The net income for the period is_____.

A) $22,400
B) $23,800
C) $24,400
D) $26,800