Question: Answer the following questions using the information below: Beginning finished goods, 1/1/20X3 $ 90,000 Ending finished goods, 12/31/20X3 77,000 Cost of goods sold 270,000 Sales

Answer the following questions using the information below:

Beginning finished goods, 1/1/20X3 $ 90,000

Ending finished goods, 12/31/20X3 77,000

Cost of goods sold 270,000

Sales revenue 500,000

Operating expenses 155,000

What is operating income for 20X3?

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