Minor inc had revenue of 572000 and expenses other than

Reference no: EM13598195

Minor, Inc., had revenue of $572,000 and expenses (other than income taxes) of $282,000 for the current year. The company is subject to a 35 percent income tax rate. In addition, available-for-sale investments, which were purchased for $17,500 early in the year, had a market value at the end of the year of $19,200.

Determine the amount of Minor's net income for the year.

Net Income?
Comprehensive Income?

Reference no: EM13598195

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