Determine the operating income

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Question - The following is a partial year-end adjusted trial balance.

Account Title Debits Credits

Sales revenue $430,000

Loss on sale of investments $48,000

Interest revenue 5,000

Cost of goods sold 225,000

General and administrative expense 53,000

Restructuring costs 56,500

Selling expense 31,500

Income tax expense ?

Income tax expense has not yet been recorded. The income tax rate is 25%.

Required -

a. Determine the operating income (loss).

b. Determine the income (loss) before income taxes.

c. Determine the net income (loss).

Reference no: EM132477150

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