Question

Home Realty , Incorporated , has been operating for three years and is owned by three investors . J Doe owns 60 percent of the 5,000 total outstanding shares and is the managing executive in charge On December 31 , 2017 , the following financial items for the entire year were determined sales revenue , $ 172,000 ; selling expenses , $ 99,760 , interest expense , 9,400 promotion and advertising expenses , $ 10,300 ; and income tax expense , . Also during the year , the company declared and paid the owners dividends amounting to $ 6,000 \$18,39(

Answer 1

Step-by-step explanation:

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