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2. Based on the following information, determine Mutual Life Insurance Company's gain from operations before income taxes and dividends to policyholders: Total premium income $20,000,000
2. Based on the following information, determine Mutual Life Insurance Company's gain from operations before income taxes and dividends to policyholders: Total premium income $20,000,000 Licenses, taxes, and fees 580,000 Death benefits paid 6,000,000 Net investment income 3,000,000 Commissions paid 5,900,000 General insurance expense 2,500,000 Surrender benefits paid 800,000 Annuity benefits paid 1,600,000
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