Alpha Company provided the following data concerning its income statement:
Alpha Company provided the following data concerning its income statement:
Sales, $1,050,000; purchases, $404,000; beginning inventory, $225,000; ending inventory, $272,000; operating expenses, $99,000; freight-in, $5,000; sales discounts, $15,000; purchases discounts, $15,000; sales returns & allowances, $86,000; and purchases returns & allowances, $32,000. How much is the net income?
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