What is the net income resulting from U's transactions after accounting for returns and allowances?

To determine the net income resulting from U's transactions after accounting for returns and allowances, it's important to understand how returns and allowances affect revenue. In financial accounting, net income is calculated as total revenue minus expenses, with adjustments made for returns and allowances that reduce the gross revenue figure.

If the selected answer indicates net income of 2,700,000, this suggests that after subtracting total returns and allowances from gross revenue and accounting for all related expenses, including cost of goods sold and other operational costs, the resultant figure is 2,700,000. This net figure reflects the actual income that U has earned from its activities, taking into consideration any sales that were returned or allowances given to customers.

The other options present higher figures, which could indicate gross revenue amounts or an incomplete accounting for returns and allowances in the computation. Therefore, the chosen answer properly reflects a calculated net income that accurately incorporates these important adjustments to sales figures.