Cushman Company, Inc. had $800,000 in sales, sales discounts of $12,000,

Cushman Company, Inc. had $800,000 in sales, sales discounts of $12,000, sales returns and allowances of $18,000, cost of goods sold of $380,000, and $275,000 in operating expenses. Net income equals:$770,000.$402,000.$390,000.$115,000.$408,000.

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