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A firm has the following information: Sales revenue 100000 Interest revenue 5000 Gain on sale of building 20000 Unrealized loss on decline in AFS securities

A firm has the following information:

Sales revenue 100000
Interest revenue 5000
Gain on sale of building 20000
Unrealized loss on decline in AFS securities 10000
Administrative expense 10000
Operating expenses 30000
Loss on discontinued operation 20000
Cost of goods sold 40000
Discovery of accounting error from last year (overstated last year's net income by 10000 10000

Ignoring taxes, what is:

  • Operating income
  • Income from continuing operations
  • Net income

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