Dover Corporation has provided the following information for the year just ended: • Cash sales totaled...

Dover Corporation has provided the following information for the year just ended: • Cash sales totaled $125,000 • Credit sales totaled $279,000 • Cash collections from customers for services that have not been provided yet totaled $38,000 • There was an $11,000 gain from the sale of property and equipment • Interest income totaled $8,000 How much did net income increase due to these items?

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Statementshowing Computations
Paticulars	Amount
Cash sales	125,000.00
Credit sales	279,000.00
gain from the sale of property	11,000.00
Interest income	8,000.00
net income increase due to these items	423,000.00

ekkarill92 answered 3 years ago

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