If a company has $49,800 in Accounts Payable, $117,375 in Accounts Receivable, $306,000 in Cash and $7,500 in Supplies, what is the net income for this company? Explain answer.

Please start your own thread for your question rather than tagging onto someone else's. I've moved yours.

I just worked on this same problem with someone earlier today. Net income cannot be determined with what you included here. Not to mention that there's actually two parts on the net income thing - one with a withdrawal and one without. In other words, you've included about 20% of the entire problem. You cannot get help when you just pick out bits of a problem and don't include most of the necessary information.