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Account Title Debits Credits Sales revenue $ 3 3 0 , 0 0 0 Loss on sale of investments $ 2 8 , 0 0

Account Title Debits Credits
Sales revenue $ 330,000
Loss on sale of investments $ 28,000
Interest revenue 5,500
Cost of goods sold 175,000
General and administrative expense 43,000
Restructuring costs 51,500
Selling expense 26,500
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).

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