(Answered) The following information relates to nebula incsales

Accounting

The following information relates to Nebula Inc.

Sales Revenue $230,000
Cost of Goods Sold 150,000
Interest Revenue 10,000
Operating Expenses 42,500
Sales Discounts 20,000
Sales Returns and Allowances 5,000
Calculate the net income of Nebula.

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

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