5. The following data from the samlet owing data from the just completed year are taken from the accounting records of Mason Company are taken Sales S 660,000 Direct labor cost $ 82.000 Raw material purchases $ 130,000 Selling expenses S 105,000 Administrative expenses S 40,000 Manufacturing overhead applied to work in process $ 200,000 Actual manufacturing overhead costs $ 225.000 Inventories Raw materials Work in process Finished goods Beginning $ 8,000 $ 5,000 $ 80,000 Ending $10,000 $20,000 S 25,000 How much is the company's net operating income as reported in its income statement? a. $75,000 b. $45,000 c. $55,000 d. $40,000 e. None of the above 660, doo Sales Firesh godal