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How much was lantz operating income

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Reference no: EM132082110

Question - 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 plant and equipment occurred.

Interest income was $7,700.

Interest expense was $19,900.

Cost of goods sold was $336,000.

Rent expense was $36,000.

Salaries expense was $49,000

Other operating expenses totaled $79,000.

How much was Lantz's operating income?

Reference no: EM132082110

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