What is net income for a merchandising company with the following data? Sales revenue $55000 Utilities $1100
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What is net income for a merchandising company with the following data?
Sales revenue | $55000 |
Utilities | $1100 |
Inventory on Dec. 31st | $9553 |
Inventory on Jan 1 | $12000 |
Rent for shop | $3054 |
Sales commissions | $4300 |
Purchases of Merchandise | $36818 |
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