Net income is equal to the total revenue from selling an item minus the cost of producing the item. Determine the net income if the revenue from a business is $400,000 and the cost is $156,800. Use 4072-01-01-03-00_files/i0330000.jpg where I = net income, R = revenue, C = cost
a.
$243,000 is the net income
b.
$556,800 is the net income
c.
$243,200 is the net income
d.
$556,000 is the net income