Alpha Company provided the following data concerning its income statement
Alpha Company provided the following data concerning its income statement:
sales, $1,010,000; purchases, $395,000; beginning inventory, $255,000; ending inventory, $292,000; operating expenses, $93,000; freight-in, $5,000; sales discounts, $21,000; purchases discounts, $15,000; sales returns & allowances, $89,000; and purchases returns & allowances, $32,000. The data are complete and provide the basis for preparation of an income statement. How much is net income?
I’m having trouble figuring this out