Answer:
The result of the operation of for the month is Net Income of $215,000.
Explanation:
Values Reported as follows
Revenues = $ 315,000
Expenses = $ 100,000
Equation to compute net income or loss:
In case if Total Revenue is higher than the Total Expenses the net result will be as Income and Total Expenses is higher than the Total Revenue the net result will be as Loss.
Net Income / Net Loss = Total Revenue - Total Expenses
Calculations:
Net Income / Net Loss = $315,000 - $100,000
Net Income = $215,000
So the result of the operation of for the month is Net Income of $215,000.
