Walton Manufacturing Company gathered the following data for the month. Cost of goods sold: $35,000; Sales:...

 

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Walton Manufacturing Company gathered the following data for the month. Cost of goods sold: $35,000; Sales: $89,000; selling expenses: $16,000; Administrative expenses: $21,000. How much net operating income will be reported for the period? A. $54,000 B. $17,000 C. $52,000 D. Cannot be determined. Walton Manufacturing Company gathered the following data for the month. Cost of goods sold: $35,000; Sales: $89,000; selling expenses: $16,000; Administrative expenses: $21,000. How much net operating income will be reported for the period? A. $54,000 B. $17,000 C. $52,000 D. Cannot be determined.

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