Please provide correct answer the accounting question Prig Company hadsalessales discounts$820,000$12,300sales returns and allowances $18,450cost of goods sold $389,500operating expenses $282,080Their net income equalsa. $117,670b. $179,170c. $143,420d. $789,250e. $399,750

Step 1: Net sales.= sales - sales discounts - sales returns and allowances= $820,000 - $12,300 -…

Answered: Prig Company had sales sales discounts…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Prig Company had sales sales discounts $820,000 $12,300 sales returns and allowances $18,450 cost of goods sold $389,500 operating expenses $282,080 Their net income equals a. $117,670 b. $179,170 c. $143,420 d. $789,250 e. $399,750