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QUESTION 12 Stromboli Corp. sells vinyl LPs. The following information summarizes Stromboli's operating activities for 2022. Selling and Admin. Expenses Purchases Sales Revenue 29500

QUESTION 12 Stromboli Corp. sells vinyl LPs. The following information summarizes Stromboli's operating activities for 2022. Selling and Admin. Expenses Purchases Sales Revenue 29500 10700 170800 Merchandise Inventory, Jan. 1, 2022 90000 45000 Merchandise Inventory, Dec 31, 2022 Calculate the operating income for 2022. a. 85,600 b. 141,300 c. 55,700 d. 115,100

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