Porches,Inc

Multiple Choice

Porches,Inc.sells lawn furniture.Selected financial information for the most recent year is as follows:
Beginning merchandise inventory on January 1 was $33,000.
Ending merchandise inventory on December 31 was $35,000.
Purchases during the year were $92,000.
Selling and administrative expenses were $75,000.
Sales for year were $262,000.
What was operating income for the year?

A) $90,000
B) $97,000
C) $95,000
D) $93,000