Assume the following: Sales Adjusted cost of goods soldSelling and administrative expense What is the net operatingincome? $ 100,000 $ 47,000 $ 31,200 Assume the following: \( \begin{array}{lr}\text { Sales } & \$ 100,000 \\ \text { Adjusted cost of goods sold } & \$ 47,000 \\ \text { Selling and administrative expense } & \$ 31,200\end{array} \) Wh 2 answers