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Brief Exercise 4-4 Multiple-step income statement [LO4-1, 4-3] The following is a partial year-end adjusted trial balance Sales revenue Loss on sale of investments 430,000

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Brief Exercise 4-4 Multiple-step income statement [LO4-1, 4-3] The following is a partial year-end adjusted trial balance Sales revenue Loss on sale of investments 430,000 48,000 5,000 nterest revenue cost of goods sold General and administrative expenses Restructuring costs Selling expenses Income tax expense 225,000 53,000 63,000 31,500 Income tax expense has not yet been recorded. The income tax rate is 40%. a. Determine the operating income (loss). c. Determine the net income (loss). b. Determine the income (loss) before income taxes income (loss)

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