Question: please answer the quesiton and explain how you got that answer. thank you! ABC Company is a merchandising business. In Year 3, the business experienced

please answer the quesiton and explain how you got that answer. thank you!

ABC Company is a merchandising business. In Year 3, the business experienced the following events: 1. Purchasedinventory for $270 cash. 2. Sold inventory costing $210 for $220. 3. Incurred $195 of selling and administrative expenses: 4. Paid a $20 dividend to stockholders. What is ABC Company's Net Income for Year 3? (5185) 510 55 $25

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