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Business, 05.07.2019 05:30 skoolroks

Alpha company provided the following data concerning its income statement: sales, $850,000; purchases, $368,000; beginning inventory, $255,000; ending inventory, $282,000; operating expenses, $105,000; freight-in, $5,000; sales discounts, $17,000; purchases discounts, $15,000; sales returns & allowances, $107,000; and purchases returns & allowances, $41,000. the data are complete and provide the basis for preparation of an income statement. how much is net income?

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