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Determine the operating income using the following information: Line Item Description Amount Sales $350,100 Cost of goods sold 250,000 Selling expenses 24,000 Administrative expenses 12,500
Determine the operating income using the following information:
| Line Item Description | Amount |
|---|---|
| Sales | $350,100 |
| Cost of goods sold | 250,000 |
| Selling expenses | 24,000 |
| Administrative expenses | 12,500 |
a.$100,100
b.$76,100
c.$350,100
d.$63,600
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