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 $27,509 Inventory, September 16,094 Administrative expense 1,006 Rent revenue 1,186 Selling expense $837 Inventory, September 308,913 Sales 57,487 Interest expense 865

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