In 1969, don bought a dodge dart for $2,500. he drove this car until 2003 when he bought a honda civic for $18,000. if the price
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The answer & explanation for this question is given in the attachment below.
Answer: Check attachment
Explanation:
Note that, in the attachment, the total expense was calculated as the addition of the selling expense and the general and administrative expenses. This will be:
= $49700 + $34110
= $83810
Operating income was calculated as:
= Gross profit - Total expenses
= $107200 - $83810
= $23390
Check the attachment for further details.
