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Moonstar & Company reported the following account balances: Administrative expenses $38,000 Accounts receivable 70,000 Sales revenue 636,000 Selling expenses 22,000 Cost of goods sold 262,500
Moonstar & Company reported the following account balances: Administrative expenses $38,000 Accounts receivable 70,000 Sales revenue 636,000 Selling expenses 22,000 Cost of goods sold 262,500 Cash dividends paid 40,000 How much is the company's net income? Select one: o a. $167,500 O b. $97,500 O C. $313,500 o d. $132,500
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