The Following Information Relates to Nebula Inc Calculate the Net Income of Nebula

question 158

Multiple Choice

The following information relates to Nebula Inc. $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 230,000 \\\hline \text { Cost of Goods Sold } & 150,000 \\\hline \text { Interest Revenue } & 10,000 \\\hline \text { Operating Expenses } & 42,500 \\\hline \text { Sales Discounts } & 20,000 \\\hline \text { Sales Returns and Allowances } & 5,000 \\\hline\end{array}$$ Calculate the net income of Nebula.

• A) $12,500
• B) $22,500
• C) $67,500
• D) $230,000