Compute the Net Income for 2018 Based on the Following

Essay

Compute the net income for 2018 based on the following amounts presented on the adjusted trial balance of D-Lay Company. $\begin{array}{lr}\text { Accumulated Depreciation - Equip. } & \$ 20,000 \\\text { Depreciation Expense } & 18,000 \\\text { Salaries and Wages Expense } & 15,000 \\\text { Service Revenue } & 40,000 \\\text { Unearned Service Revenue } & 8,000\end{array}$