Arizona Company Has the Following Information Available for the Month

Multiple Choice

Arizona Company has the following information available for the month of April:
$\begin{array}{ll}\text { Sales }&\$100,000\\\text { Cost of goods sold } & \$ 60,000 \\\text { Interest expense } & \$ 2,000 \\\text { Income taxexpense } & \$ 1,000 \\\text { Wages expense } & \$ 12,000 \\\text { Dividends declared } & \$ 3,000 \\\text { Equipment purchased } & \$ 20,000 \\\text { Rent expense } & \$ 4,000\end{array}$
The company uses the accrual basis of accounting.What is the net income for the month of April?

A) $21,000
B) $22,000
C) $24,000
D) $27,000