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Question #13: Please answer You are reviewing Go-for-IT's income statement for last year. The...

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Accounting

imageQuestion #13: Please answer

You are reviewing Go-for-IT's income statement for last year. The company's net sales equaled $2, 400,000, the ending inventory on December 31 was $90,000, the cost of goods sold was $1, 850,000, and the total operating expenses equaled $324,000. What was its net income from operations? a. $874,000 b. $176,000 c. $136,000 d. $226,000

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