Trump Company Other revenues $110,000 General and administrative expenses $250,000 Dividends $120,000 Gross profit $750,000 Selling expenses $220,000 Income tax expense $117,000 Refer to the information provided for Trump Company. By what amount will net income on a single-step income statement differ from net income on a multi-step income statement if Trump Company prepares both formats?
A) $12,000
B) $8,000
C) $0
D) $6,000
C
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