Entity E and F use perpetual inventory systems. On September 1, Entity F (buyer) purchased merchandise from Entity E (seller) for $80,000, terms 2/10, net 30. The merchandise cost Entity E $55,000. Entity Fs (buyer's) entry to record this purchase transaction is:

		Dr. Inventory 80,000 Cr. Accounts Payable 80,000
		Dr. Accounts receivable 80,000 Cr. Sales 80,000
		Dr. Accounts Receivable 80,000 Cr. Sales 80,000 Dr. Cost of goods sold 55,000 Cr. Inventory 55,000
		None of the above.

Financial information is presented below: Operating expenses $ 18,000 Net sales 150,000 Interest revenue 1,500 Interest expense 10,000 Income tax expense 500 Cost of goods sold 98,000 The amount of income from operations on the multi-step income statement would be

		$52,000.
		$25,500.
		$34,000.
		$52,000.