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Nieman Inc., a local retailer, has provided the following data for the month of March: Merchandise inventory, beginning balance $ 42,800 Merchandise inventory, ending balance

Nieman Inc., a local retailer, has provided the following data for the month of March:

Merchandise inventory, beginning balance $ 42,800
Merchandise inventory, ending balance $ 43,700
Sales $263,300
Purchases of merchandise inventory $140,600
Selling expense $ 16,900
Administrative expense $ 60,400

The net operating income for March was:

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