Question: PLEASE ANSWER ASAP****** Using the following information for a periodic inventory system, what is the amount of net income? Purchases $34,621 Selling expense $673 Inventory,

PLEASE ANSWER ASAP******

Using the following information for a periodic inventory system, what is the amount of net income?

Purchases $34,621 Selling expense $673
Inventory, September 1 5,249 Inventory, September 30 10,383
Administrative expense 504 Sales 46,945
Rent revenue 1,153 Interest expense 940

a.$29,487

b.$16,494

c.$940

d.$33,735

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