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PLEASE HELP In Year 1. Allyah's Boutique (a retail clothing company) sold 10.120...

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Accounting

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In Year 1. Allyah's Boutique (a retail clothing company) sold 10.120 units of its product at an average price of $25 per unit. The company reported estimated returns and allowances in Year 1 of 2.0 percent of gross revenue. Allyah's Boutique actually purchased 9,200 units of its product from its manufacturer in Year 1 at an average cost of $12 per unit. Aliyah's Boutique began Year 1 with 41,390 units of its product in inventory (carried at an average cost of $12 per unit). Operating expenses (excluding depreciation) for Aliyah's Boutique in Year 1 were $41,390, depreciation expense was $17,680, and interest expense was $9,090. Finally. Aliyah's Boutique's tax rate was 30 percent and Aliyah's Boutique paid of dividend of $3.500 at the end of Year 1. Aliyah's Boutique fiscal year runs from September 1 through August 31. Given this information, compute net income for Aliyah's Boutique for Year 1. Record your answer as a dollar amount rounded to 0 decimal places; do not include a dollar sign or any commas in your answer. For example, record $23,456.8905 as 23457. Your

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