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1 XYZ has the following information for the year ending December 31, 2022: Sales Cost of goods sold $ 1,000,000 $ Interest income from investment
1 XYZ has the following information for the year ending December 31, 2022: Sales Cost of goods sold $ 1,000,000 $ Interest income from investment in debt (available for sale) 200,000 $ 35,000 Depreciation expense $ 15,000 Interest expense $ 25,000 Unrelaized loss from investment in debt (available for sale) S 45,000 Unrelaized gain from investment in debt (trading) S 10,000 Calculate net income for XYZ for the year of 2022. net income for xy2 1,000,000 200,000 $3.000 15,000 25.000 10,000 35,000 15.000
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