Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Net income equals:

Multiple Choice

• $770,000.

• $402,000.

• $390,000.

• $115,000.

• $408,000.

Cushman Company had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Net income equals: Multiple Choice $770,000. $402,000 $390,000. $115,000. $408,000