50. Given below is the 2015 income statement for The Brookes Company: $240,000 Sales Less: Cost of goods sold: Beginning inventory Purchases Goods available for sale Less: Ending inventory Gross profit Less: operating expenses Income before taxes Less: Income tax expense (at 30%) Net income $ 23,000 119.000 142.000 29.000 113.000 $127.000 46,000 $ 81,000 24.300 $ 56,700 A $1,400 acquisition of inventory was included in purchases but not counted in ending inventory. What is the correct net income? a. b. c. $55,300 $55,720 $57,680 $57,120 $58.100 d. e