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A company reported the following: Cost of Goods Sold $ 264,000 General, Selling, and Administrative Expenses 13,000 Income Tax Expense 7,800 Inventory 27,500 Net Income

A company reported the following: Cost of Goods Sold $ 264,000 General, Selling, and Administrative Expenses 13,000 Income Tax Expense 7,800 Inventory 27,500 Net Income 82,400 Sales Revenue 375,000 Sales Discounts 4,900 Sales Returns & Allowances 2,900 What is the amount of income before income taxes

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