A. Nieman Inc., a local retailer, has provided the following data for the month of March: Merchandise inventory, beginning balance $50,800 Merchandise inventory, ending balance $49,800 Sales $262,400 Purchases of merchandise inventory $138,500 Selling expense $18,500 Administrative expense $52,200

The cost of goods sold for March was?

B.

Nieman Inc., a local retailer, has provided the following data for the month of March:

Merchandise inventory, beginning balance	$ 47,700
Merchandise inventory, ending balance	$ 48,300
Sales	$266,400
Purchases of merchandise inventory	$137,800
Selling expense	$ 20,900
Administrative expense	$ 55,800

The net operating income for March was?