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Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the...

Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year:

Utilities for the store $ 9500
Sales commissions 10,500
Sales revenue 164,200​
Purchases of merchandise 89,300
January 1 inventory 27,100​
Rent for store 14,400​
December 31 inventory

23,300​

What is operating income?

$36,700 = A

$38,300 = B

$153,700 = C

$57,700 = D

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Answer #1

Inventory used = 27100+89300-23300

= 93,100

Operating income

= 164,200-93,100-9,500-10,500-14,400

= 36,700

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