For a company with Sales of $83,000, Rent Revenue of $10,000, Interest Expense of $5,000, Cost of Merchandise Sold of $40,000, and Operating & Selling Expenses of $25,000. Net Income would be calculated as: OA 583,000 O B. 543.000 OC $23,000 OD 518.000 QUESTION 13 The following lots of a particular commodity were available for sale during the year Beginning inventory 10 units at $50 First purchase 25 units at $55 Second purchase 30 units at $60 Third purchase 15 units at $65 The firm uses the periodic system and there are 20 units of the commodity en hand at the end of the year. What is the amount of inventory at the end of the year according to the first in, first-out method? DA 51,250 OBS1,150 OC 51.275 OD.SI,050