What is the company's net income for the quarter?

A) $1,197,000.
B) $284,250.
C) $1,323,000.
D) $835,500.

Comparative Income Statement

A financial statement that presents the revenues, expenses, and net income for multiple periods side by side for comparison.

Merchandising Company

A business that purchases finished products and resells them to consumers without further production.

Net Income

The net income a company earns once all costs and taxes are subtracted from its total revenue.