Refer to this income statement to answer the question below. Forks Gym
Income Statement
From the Month Ended January 31,

Revenue:
Membership Fees Revenue, 15,000.00
Rental Revenue, 8,000.00
Instruction Revenue, 5,000.00
Total Revenue = 28,000.00

Expenses:
Advertising Expense, 2,000.00
Rent Expense, 1,000.00
Salaries Expense, 3,000.00
Utilities Expense, 1,000.00
Total Expenses = 7,000.00

Net Income - 21,000.00

What is the total revenue for membership fees?

A. $15,000

B. $8,000

C. $5,000

D. $28,000

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.