Seller Company began operations on January 1, 2024. At December 31, 2024, it reports the following selected account balances: Sales revenue. $950,000 Accounts payable 25,000 Salary expense 90,000 Supplies 1,000 Cash 35,000 Sales returns and allowances 24,000 Inventory 150,000 Cost of goods sold 550,000 Sales discounts 20,000 Common stock 200,000 Salary payable 11,000 Supplies expense 7,000 Dividends 12,000 20,000 Other administrative expenses What amount will be reported for net income on Seller's December 31, 2024 multi-step income statement? O a. $239,000 O b. $227,000 O c. $226,000 d. $259,000