Table 5-1 -Referring to Table 5-1, What Is the Net Income?
A)$60,000

Multiple Choice

Table 5-1 $$\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 480,000 \\\hline \text { Cost of goods sold } & 300,000 \\\hline \text { Sales discounts } & 20,000 \\\hline \text { Sales retums and allowances } & 15,000 \\\hline \text { Operating expenses } & 85,000 \\\hline \text { Interest revenue } & 5,000 \\\hline\end{array}$$
-Referring to Table 5-1, what is the net income?

A) $60,000
B) $65,000
C) $55,000
D) $180,000