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Using the following information, what is the amount of income from operations? Purchases $ 29,328 Selling expenses $ 878 Merchandise inventory, September 1 7,302 Merchandise

  1. Using the following information, what is the amount of income from operations?

    Purchases $ 29,328 Selling expenses $ 878
    Merchandise inventory, September 1 7,302 Merchandise inventory, September 30 10,042
    Administrative expenses 840 Sales 47,043
    Rent revenue 753 Interest expense 1,011

    a.$19,490

    b.$18,737

    c.$20,501

    d.$27,803

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