Engle Enterprises reports net sales revenue for 2019 to be $595,000, January 1, 2019 inventory at $102,000, net purchases at $370,000, and operating expenses at $155,000. Under FIFO, December 31, 2019, inventory would be valued at $96,700.
Compute net income for 2019.

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The Answer of Engle Enterprises reports net sales revenue for 2019 to be $595,000, January 1, 2019 inventory at $102,000, net purchases at $370,000, and operating expenses at $155,000. Under FIFO, December 31, 2019, inventory would be valued at $96,700.
Compute net income for 2019.

Engle Enterprises Reports Net Sales Revenue for 2019 to Be