Question: Streif Inc., a local retailer, has provided the following data for the month of June: The net operating income for June was_____ Merchandise inventory, beginning

Streif Inc., a local retailer, has provided the following data for the month of June:

The net operating income for June was_____

Merchandise inventory, beginning balance Merchandise inventory, ending balance $46,000 $52,000 Purchases of merchandise inventory Selling expense Administrative expense . $260,000 ory$128,000 ...$13,000 $40,000 . . . ..

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