Answer:
A. $22,200
Explanation:
The computation of the net income for the year is shown below:
As we know that
Net income = Revenues - expenses
where,
Revenue is service revenue i.e $78,400
And, the expenses is
= Salaries expense + rent expense + truck expenses + office expenses
= $34,000 + $15,000 + $5,700 + $1,500
= $56,200
So, the net income for the year is
= $78,400 - $56,200
= $22,200