Cushman Company had $838,000 in sales, sales discounts of $12,570, sales returns and allowances of $18,855, cost of goods sold of $398,050, and $288,270 in operating expenses. Net income equals:

Net income equals: $120,075.

Step-by-step explanation:

The net income is equal to:

+Sales

-Sales discounts

-Sales returns and allowances

-Cost of goods cold

-Operating expenses.

Computing all these values, we have:

Net income =Sales - (Sales discounts+Sales returns and allowances+Cost of goods cold+Operating expenses)

The net income equals to $120,075.

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step-by-step explanation:

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