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Using the following information, what is the amount of net income? Purchases $27,046 Selling expenses $733 Merchandise inventory, September 1 6,691 Merchandise inventory, September 30

Using the following information, what is the amount of net income? Purchases $27,046 Selling expenses $733 Merchandise inventory, September 1 6,691 Merchandise inventory, September 30 11,626 Administrative expenses 680 Sales 54,519 Rent revenue 1,050 Interest expense 852 a. $31,193 b. $42,819 c. $32,897 d. $24,502

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