Question: Can you please explain how this answer was found? Lowes sells merchandise to customers Cost of inventory is 703 of the seang price. - Lowes

Can you please explain how this answer was found?

Lowes sells merchandise to customers Cost of inventory is 703 of the seang price. - Lowes uses a gross method to account for sales decount on early recetpt of accounts recenvables. - The terms for all Account Receivabies are 2,10,n/30. - Merchandise becomes unreturnable after 5 months In 2021, the beginning imventory for Lowes was $1.000.000. Lowes' sales transactions during 2021-2022. are as follow What is the amount of income from operation for 2021 ? Munple Choice 570,000 $100000 540.000 55.000

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