During February, Peters Hardware made sales of ($38,600) and ended the month with inventories totaling ($5,400.) Cost

Question:

During February, Peter’s Hardware made sales of $$38,600$ and ended the month with inventories totaling $$5,400.$ Cost of Goods Sold was $$23,200.$ Total operating expenses were $$8,700.$ How much net income did Peter’s Hardware earn for the month?

a. ($1,300\)

b. $15,400\)

C. $$6,700$

d. $10,000\)

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