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The following information pertains to Indiana Inc. Operating expenses for 2022 were $130. What was net operating income for 2022 assuming the company uses LIFO

image text in transcribed The following information pertains to Indiana Inc. Operating expenses for 2022 were $130. What was net operating income for 2022 assuming the company uses LIFO to account for inventory costs? Answer without using any dollar signs or commas. Round to TWO DECIMALS (i.e. 98.99)

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