Question: Using the following information for a periodic inventory system, what is the amount of net income ( loss ) ? Line Item Description Amount Purchases

Using the following information for a periodic inventory system, what is the amount of net income (loss)?
Line Item Description Amount
Purchases $25,038
Inventory, September 15,418
Administrative expense 675
Rent revenue 1,189
Selling expense $886
Inventory, September 308,734
Sales 55,587
Interest expense 917
a. $23,880
b. $21,722
c. $917
d. $32,576

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