Alpha Company provided the following data concerning its income statement:
Alpha Company provided the following data concerning its income statement:
sales, $860,000; purchases, $419,000; beginning inventory, $235,000; ending inventory, $242,000; operating expenses, $105,000; freight-in, $5,000; sales discounts, $27,000; purchases discounts, $15,000; sales returns & allowances, $134,000; and purchases returns & allowances, $44,000. How much is net income?
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