Use this information to answer the following question. 
In addition,beginning merchandise inventory was $22,000 and ending merchandise inventory was $14,000.
Net income for the period was
Definitions:
Advertising Budget
The amount of money allocated for promoting a company's products or services over a specific period.
Net Operating Income
The profit derived from a company's everyday business operations, after subtracting operating expenses from operating revenues.
Monthly Sales
The total sales revenue generated in one calendar month, often tracked to assess performance and trends over time.
Break-even Point
The level of production or sales at which total costs equal total revenue, resulting in no net loss or gain.
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