how much is the net income for year 2017? Problem 6-2 An analysis of the records disclosed changes i

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Problem 6-2 An analysis of the records disclosed changes in account balances for 2017 as follows: Cash, $9,000 increase; acco

how much is the net income for year 2017?

Problem 6-2 An analysis of the records disclosed changes in account balances for 2017 as follows: Cash, $9,000 increase; accounts receivable, $2,000 decrease; merchandise inventory $15,000 increase; account payable, $8,000 increase. During 2017, the owner transferred marketable securities that he owned to the business and these were sold for $6,000 to finance purchase of merchandise. Also the owner made withdrawals for $4,000 during the year.

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