The Net Income for Tanger Company will be $6,000.
Net Income
Net Income means the the cost of sales, less cost of goods sold, general expenses, taxes, interest etc
Particulars Amount
Service Revenue $10,000
Expenses
Rent Expense $2,000
Salaries Expense $1,200
Utilities Expense $800 $4,000
Net Income $6,000
In conclusion, the Net Income for Tanger Company will be $6,000.
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