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A company has provided the following information: . Cash sales totaled $390,000. Credit sales totaled $499,000. Cash collections from customers for services yet to be
A company has provided the following information: . Cash sales totaled $390,000. Credit sales totaled $499,000. Cash collections from customers for services yet to be provided totaled $99,000. A $24,000 loss from the sale of property and equipment occurred. Interest income was $9,700. Interest expense was $19,900. Supplies expense was $490,000. Rent expense for the store was $38,000. Wages expense was $59,000. Other operating expenses totaled $89,000. Unearned revenue was $4,200. What is the amount of the company's income before income taxes? Multiple Choice $277,800 $189,000 $399,000 $178,800
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