Question: I am searching for the correct answer to this General accounting problem with proper accounting rules. Granite Dcor Ltd. is a merchandiser of decorative tiles.

I am searching for the correct answer to this General accounting problem with proper accounting rules.

Granite Dcor Ltd. is a merchandiser of decorative tiles. The company sold 10,000 units during the year. It has provided the following financial data: - Sales Revenue: $685,000 - Purchases (excluding Freight In): $360,000 - Selling and Administrative Expenses: $75,000 . Freight In: $18,000 - Beginning Merchandise Inventory: $52,000 - Ending Merchandise Inventory: $46,000 What is the operating income for the year

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