The computer store had the following revenue and expenses during the month ended july 31. fees for computer repairs $ 41,600 advertising expense 5,700 salaries expense 18,500 telephone expense 850 fees for printer repairs 5,950 utilities expense 1,300 did the firm earn a net income or incur a net loss for the period? what was the amount?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.