&$2A Question 14 of 25 Remaining Time 2 hours, 08 minutes, 03 seconds Question Completion Status an UT WIFE Question 14 4 points Save Ano Lise the Somerset Corporation 2019 data set below to answer this question: How much net income would Somerset report in 2019 if we ASSUME that the company reported income before tax of $2.500,000 on its mullistep income statement for the year and provide the additional information below? Column2 Column bata set below for Somerset Corporation for the year ended 12/31/19: Cost of goods sold Loss on disposal of the Shelly division discontinued Ancome from operation of the Shelly division discontinued Loss on writedown of Property Plant & Equipment Selling general and administrative expenses Tax rate 1,500,000 400,000 500,000 100,000 500,000 30.0% A $2339,000 OR $1,750,000 OC$1,778,000 OD.51,820.000 Question 14 of Moving to another question will save this response *** 20 30. 8:29 FB A / $ $ 4 % 5 6 & 7 7 8 9 ) ) O W E R R T T Y U I o P S D F G H K L x V B N M ? 1 se Command COXA TEATRE DOVE DORE THICRITS PETITE Completion Your answers are saved automatically Remaining Time: 2 hours, 07 minutes 49 seconds. Question completion Status Question Mowing to another queshon will save this response. > 4 points Question 15 Using the 2020 data set below, what amount is reported for Property, Plant & Equipment in 2020 on the balance sheet? Account Balance Accumulated depreciation - Buildings $ 400.000 Accumulated depreciation - Equipment 100,000 Buildings 950,000 Equipment 250,000 Land 1,200,000 Patents 200,000 0 A $2,900,000 8. $1,900,000 O $700,000 OD. $2,100,000 Moving to another question will save this response, Question A $0. 888 % 10 & 7 W 8 9 26 ZERO o U s 1 D o F H K L V B N M option |