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Streif Incorporated, a local retailer, has provided the following data for the month of June: Merchandise inventory, beginning balance Merchandise inventory, ending balance Sales Purchases

Streif Incorporated, a local retailer, has provided the following data for the month of June:
Merchandise inventory, beginning balance Merchandise inventory, ending balance Sales
Purchases of merchandise inventory Selling expense
Administrative expense
$46,000
$52,000
$26,00
$128,000
$13,000
$40,000
The net operating income for June was:
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