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The accounting records of Marlon's Marvels, a retail store, show the following balances for the fiscal year ending June 30, 2020: Store sales revenue Marketing
The accounting records of Marlon's Marvels, a retail store, show the following balances for the fiscal year ending June 30, 2020: Store sales revenue Marketing expense Interest expense Loss on sale of investment Other administrative expenses $4,420,000 Salaries expense 124,900 Depreciation expense 20,350 Cost of goods sold 12,000 Rent and utilities expense 108,000 Dividend income $800,000 62,500 2,652,000 110,000 2,000 In a multiple-step statement, Operating income would total Select one: a. $562,600 b. $625,100 C. $532,250 d. $542,250
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