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The accounting records of Marlons Marvels, a retail store, show the following balances for the fiscal year ending June 30, 2

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Answer #1

Calculate operating income

Store sales revenue 4420000
Marketing expense -124900
Other administrative expense -108000
Salaries expense -800000
Depreciation expense -62500
Cost of goods sold -2652000
Rent and utilities expense -110000
Operating income 562600

So answer is a) $562600

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