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:
Income
The amount of money received by a person or entity within a specified time-frame, typically from work, investments, or business activities.
Infant Mortality
The death of young children under the age of 1. This rate is often used as an indicator of the level of health in a country.
Postneonatal Paralysis
Paralysis affecting infants after the neonatal period, which is the first four weeks of life, potentially resulting from various causes, including infections, trauma, or congenital conditions.
Elderly
Referring to older adults or aging individuals, often considered to be those aged 65 and above, who may face unique health and social challenges.
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