Question: Using the following information for a periodic inventory system, what is the amount of net income? Purchases $29,518 Selling expense $883 Inventory, September 1 7,818

Using the following information for a periodic inventory system, what is the amount of net income? Purchases $29,518 Selling expense $883 Inventory, September 1 7,818 Inventory, September 30 11,453 Administrative expense 1,208 Sales 53,357 Rent revenue 1,122 Interest expense 855 Oa. $25,883 b. $28,368 c. $25,650 d. $855

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