Please help to explain #16 finding the net income

16. Use this information to answer the following question. 18 Account Name Debit Credit cogs - beg Sales 293,000 10 Sales Returns and Allowances 10,000 beg invent Purchases 68,000 end invent 12 Purchases Returns and Allowances 8.000 13 Freight-In 12,000 Selling Expenses 30.000 15 General and Administrative Expenses 110,000 16 17 In addition, beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000. 18 119 Net income for the period was 120 4 $173,000.00 121 b. $93,000.00 122 C. $63,000.00 123 d $203,000.00 124 125 17. The following lettered items representa remindtishenGUDRun