Using the information below, calculate net income for the period.
-Sales revenues for the period $1,304,000
-Operating expenses for the period $239,000
-Finished Goods Inventory, January 1 $36,000
-Finished Goods Inventory, December 31 $41,000
-Cost of goods manufactured for the period $540,000
A - $774,000.
B - $769,000.
C - $530,000.
D - $535,000.
E - $448,000.
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