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Determine the amount of net income

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Reference no: EM132808367

Selected Account Balances from The Adjusted Trial Balance of True

Greens Company as of December 31, 2019 follows:

Cost of Goods Sold 150,000,

Net Sales 225,000,

Advertising Expense 3,000,

Freight Out 4,300,

Net Purchases 35,000,

The Periodic Inventory Method is used.

Problem 1: Determine the amount of Net Income:

Option 1: 32,700
Option 2: 75,000
Option 3: 67,700
Option 4: 70,700
Option 5: 182,700

Reference no: EM132808367

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