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What was willie net income for willie company

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Reference no: EM132843965

The Willie Company has provided the following information:

Operating expenses were $345,000;
Income from operations was $415,000;
Net sales were $1,100,000;
Interest expense was $71,000;
Loss from sale of investments was $87,000;
Income tax expense was $58,000.

Problem 1: What was Willie's net income?

Option 1: $373,000.
Option 2: $328,000.
Option 3: $199,000.
Option 4: ($156,000).

Reference no: EM132843965

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