Company had $830,000 in sales, sales discounts of $12,450, sales returns and allowances of $18,675, cost of goods sold of $390,250, and $285,520 in operating expenses. Net income equals:

$123,105

Explanation:

Sales                                                                               $830,000

Less: Sales Discounts                             $12,450

         Sales returns                                  $18,675         ($31,125)

Net Sales                                                                        $798,875

Less: Cost of Goods sold                                             ($390,250)

Gross Profit                                                                     $408,625

Less: Operating expenses                                            ($285,520)

Net income                                                                     $123,105

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step-by-step explanation:

a thesis statement is not a fact or a question

step-by-step explanation:

a thesis statement is a topic it is not a fact or a question