Cash $450,000 Sales 1,600,000 850,000 Accounts Receivable 650,000 Purchases Inventory 850,000 Purchases Returns and Allowances 7,000 Estimated Returns Inventory 15,000 Purchases Discounts 3,500 Office Supplies 8,000 Freight in 16,000 Prepaid Insurance 8,500 Sales Salaries Expense 210,000 Office Equipment 900,000 Advertising Expense 100,000 accum. Derffice Equip. 600,000 Depreciation Expense-Store Equip 48,000 Store Equipment 600,000 Delivery Expense 22,000 Accum. Den Store Equip 280,000 Office Salaries Expense 130,000 Accounts Payable 86,000 Rent Expense 60,000 Salaries Payable 45,000 Depreciation Expense Office Equip 40,000 Customer Refunds Payable 4,000 Insurance Expense 11,000 Notes Payable (long-term) 100,000 Office Supplies Expense 9,000 Common Stock 600,000 Miscellaneous Administrative Exp. 12,000 Retained Earnings 1,704,000 Interest Expense 15,000 Dividends 25.000 A physical inventory at the end of June was $882,000. Estimated Returns Inventory is expected to increase to $16,500. What is Cocciat.Co.'s income from operations for the year? a $121,500 b.$180,000 c$105,000 d.$136,000