Based on the information given the net income for this company is $36,000.
Net income
Using this formula
Net income=Revenues-Expenses
Where:
Revenues=$128,000
Expenses=$80,000+$12,000=$92,000
Let plug in the formula
Net income=$128,000-$92,000
Net income=$36,000
Inconclusion the net income for this company is $36,000.
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