Determine the Net Income of a Company for Which the Following

Multiple Choice

Determine the net income of a company for which the following information is available for the month of July. $$\begin{array} { l r } \text { Employee salaries expense } & \$ 180,000 \\\text { Interest expense } & 10,000 \\\text { Rent expense } & 20,000 \\\text { Consulting revenue } & 400,000\end{array}$$

A) $400,000.
B) $230,000.
C) $210,000.
D) $610,000.
E) $190,000.