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The following information for the past year for the Blaine Corporation has been provided:
Fixed costs: Manufacturing $125,000Marketing 23,000Administrative 21,000Variable costs: Manufacturing $115,000Marketing 30,000Administrative 43,000
During the year, the company produced and sold 30,000 units of product at a selling price of $15.00 per unit. There was no beginning inventory of product at the beginning of the year. What is the operating income (loss) for the year?
A. $281,000B. $262,000C. $93,000D. $450,000
Prepare the stockholders' equity section for Gentry Corporation at December 31, 2010.
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