Using the Information Below, Calculate Net Income for the Period

Multiple Choice

Using the information below, calculate net income for the period: $$\begin{array} { l r } \text { Sales reverues for the period } & \$ 1,304,000 \\\text { Operating expenses for the period } & 239,000 \\\text { Finished Goods Irventory, Jaruary 1 } & \mathbf { 3 6 , 0 0 0 } \\\text { Finished Goods Irventory, Decernber } 31 & 41,000 \\\text { Cost of goods marufactured for the period } & 540,000\end{array}$$

A) $774,000.
B) $769,000.
C) $530,000.
D) $535,000.
E) $448,000.