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The Shin-shin have the following information: Utilities Expense-125,000 Taxes Expense-2,500 Sales Discount-4,920 Sales-343,000 Salaries Expense-32,012 Rent Expense-15,000 Purchases Returns & Allowances-2500 Purchases-132,000 Merchandise Inventory, Nov

The Shin-shin have the following information: Utilities Expense-125,000 Taxes Expense-2,500 Sales Discount-4,920 Sales-343,000 Salaries Expense-32,012 Rent Expense-15,000 Purchases Returns & Allowances-2500 Purchases-132,000 Merchandise Inventory, Nov 1-P87,250 Merchandise Inventory, Nov 30 -P76,000 Compute for the Net Income for the month of November. Give the exact amount. Sample P123,456.00

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