Account Title Debits Credits

Sales revenue $ $300,000$

Loss on sale of investments $ $22,000$

Interest revenue $4,000$

Cost of goods sold $160,000$

General and administrative expense $40,000$

Restructuring costs $50,000$

Selling expense $25,000$

Income tax expense $?$

Income tax expense has not yet been recorded. The income tax rate is $25\%.$

Determine the operating income $($loss$).$

Determine the income $($loss$)$ before income taxes.

Determine the net income $($loss$).$