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22. Dolby Corporation has provided the following information: Operating revenues from customers were $217,700. Operating expenses for the store were $129,000. Interest expense was $9,700.
22. Dolby Corporation has provided the following information: Operating revenues from customers were $217,700. Operating expenses for the store were $129,000. Interest expense was $9,700. Gain from sale of plant and equipment was $4,700. Dividend payments to Dolby's stockholders were $8,700. Income tax expense was $47,000. Prepaid rent was $5,400. How much was Dolby's net income? Multiple Choice $28,000 $36,700 $37,700 $41,700
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