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Assume the following: Sales Adjusted cost of goods sold $ 1 0 0 , 0 0 0 Selling and administrative expense $ 4 7 ,

Assume the following:
Sales
Adjusted cost of goods sold
$100,000
Selling and administrative expense
$47,000
$30,100
What is the net operating income?
Multiple Choice
$26,900
$83,100
$22,900
$87,100
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