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How do get the operating income

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Reference no: EM132688997

Lantz Company has provided the following information:

Cash sales totaled $255,000.

Credit sales totaled $479,000.

Cash collections from customers for services yet to be provided totaled $88,000.

A $22,000 loss from the sale of property and equipment occurred. Interest income was $7,700.

Problem 1: How do you get the operating income. exclude the line starting with a 22,000 loss. Add in the data cash received from customers for services yet to be provided totaled $100,000

Reference no: EM132688997

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