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The Following Items Are Taken from the Financial Statements of the Postal

question 39

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The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2018:  Accounts payable 18,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 15,000 Common stock 42,000 Dividends 14,000 Depreciation expense 12,000 Insurance expense 3,000 Note pavable, due 6/30/1970,000\begin{array}{lr}\text { Accounts payable } & 18,000 \\\text { Accounts receivable } & 11,000 \\\text { Accumulated depreciation - equipment } & 28,000 \\\text { Advertising expense } & 21,000 \\\text { Cash } & 15,000 \\\text { Common stock } & 42,000 \\\text { Dividends } & 14,000 \\\text { Depreciation expense } & 12,000 \\\text { Insurance expense } & 3,000 \\\text { Note pavable, due } 6 / 30 / 19 & 70,000\end{array}  Prepaid insurance (12-month policy)  6,000 Rent expense 17,000 Retained earnings (1/1/18)  60,000 Salaries and wages expense 32,000 Service revenue 133,000 Supplies 4,000 Supplies expense 6,000 Equipment 210,000\begin{array}{lr}\text { Prepaid insurance (12-month policy) } & 6,000 \\\text { Rent expense } & 17,000 \\\text { Retained earnings (1/1/18) } & 60,000 \\\text { Salaries and wages expense } & 32,000 \\\text { Service revenue } & 133,000 \\\text { Supplies } & 4,000 \\\text { Supplies expense } & 6,000 \\\text { Equipment } & 210,000\end{array} What is the company's net income for the year ending December 31, 2018?

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Definitions:

Diverse Way

A manner or approach that emphasizes inclusivity and the acknowledgment of different backgrounds, cultures, and perspectives.

Global Public Relations

The practice of managing and facilitating communication and relationships between an organization and its publics on a worldwide scale.

Corporate Story

A narrative created by a company that encapsulates its identity, values, and evolution over time, often used for branding and marketing purposes.

Non-governmental Organizations

Independent organizations not affiliated with government bodies, typically working towards social, environmental, or humanitarian goals.

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