Cushman Company had $816,000 in sales, sales discounts of $12,240, sales returns and allowances of $18,360, cost of goods sold of $387,600, and $280,705 in operating expenses. Net income equals:

A. $147,695.
B. $397,800.
C. $178,295.
D. $785,400.
E. $117,095.


Answer: E

Business

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