2)

20,200 11,700 Selling & administrative expenses Gross profit Income tax Loss on sale of plant assets Interest expense 90,500 8,000 10,000 Rent revenue 10,200 If this information was used to prepare an income statement, Income from Operations should be: Select one: Ca. 78,800 b. 110,700 c. 68,800 Cd. 58,600 e. 70,300 counts Accounts ash 60,000 5,000 cumulated depreciation -equipment ptes payable (Due in 4 months) ong term investment 30,000 Share capital-ordinary 10,000 Prepaid rent 14,400 Accounts payable 37,320 Salaries and Wages payable 3,600 900 this information was used to prepare a statement of financial isition, Total current liabilities should be: lect one: a. 3,600 b. 14,400 c. 78,000 d. 18,900 e. 96.000