A Company Had Credit Sales of $30,000 and Cash Sales

Multiple Choice

A company had credit sales of $30,000 and cash sales of $10,000 during the month of May. Also during May, the company paid wages of $1,000 and utilities of $800. It also received payments from customers on account totaling $4,000. What was the company's net income for the month?

A) $10,000
B) $38,200
C) $41,000
D) $44,000