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Brownsville Corp has provided the following information: Operating revenues from customers were $199,000. Unearned revenue was $12,000. Operating expenses were $110,000. Interest expense was $9,200.
Brownsville Corp has provided the following information:
Operating revenues from customers were $199,000.
Unearned revenue was $12,000.
Operating expenses were $110,000.
Interest expense was $9,200.
Cash Interest payment was $8,500.
Gain from sale of plant and equipment was $3,300.
Dividend payments to stockholders were $7,700.
Income tax expense was $36,000.
Prepaid rent was $5,000.
How much was Brownsville's net income?
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