Question: Using the following information for a periodic inventory system, what is the amount of operating income? Line Item Description Amount Purchases $32,000 Inventory, September 1

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

Line Item Description Amount
Purchases $32,000
Inventory, September 1 5,700
Administrative expense 910
Rent revenue 1,200
Selling expense 960
Inventory, September 30 6,370
Sales 63,000
Interest expense 1,040

a. $31,670

b. $28,760

c. $29,800

d. $29,960

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