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Below are selective account balances of SAMA Company on December 31, 2019: Sales discount Purchase R&A Sales R&A Freight in Operating Expense Sales Interest Revenue
Below are selective account balances of SAMA Company on December 31, 2019: Sales discount Purchase R&A Sales R&A Freight in Operating Expense Sales Interest Revenue Loss from strike Ending Inventory Purchase Purchase discount Loss from sabotage Gain from diposal of fixed assets Beginning Inventory $ 40,000 18,000 26,000 28,000 120,000 700,000 6,000 4,200 238,000 628,000 38,000 5,000 6,000 118,000 Based on the data above, Income from operation is: * $12,000 $9,200 $36,800 $34,000 Based on the data above, Other revenues and gains are equal to: O $12,000 $9,200 $36,800 $34,000 Based on the data above, Other expenses and losses are equal to: * $12,000 $9,200 $36,800 $34,000 Based on the data above, Net Income is: $12,000 $9,200 $36,800 O $34,000 Freight-in is equal to $28.000, does it represent Free on-board destination Free on-board shipping point None of the above
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