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What should pepsi report as total other gains

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Question - In 2020, Pepsi had the following infrequent transactions:$208,000 loss on the write-down of inventories

$79,000 adjustment of accruals on vacation wages payable

$516,000 holding gain from stock portfolio investments held as available for sale securities

$603,000 gain on the sale of equipment used in company's manufacturing process

$65,000 write-off of obsolete inventory

$22,000 loss on the sale of land held as an investment

$67,000 uninsured loss due to storm damage from a tornado

If Pepsi' tax rate is 40%. What should Pepsi report as total Other Gains and Losses on its 2022 Income Statement?

Reference no: EM133029753

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