Computing Income Statement Subtotals The following selected items are taken from the adjusted trial balance of Dion Inc. at December 31. Adjusted Trial Balance Debit Credit $3,000,000 Selected Accounts Sales revenue Cost of goods sold Selling and administrative expenses Loss on sale of investments Interest revenue Item a. Gross profit b. Operating income (loss) c. Nonoperating income (loss) $ d. Income tax expense S e. Net income (loss) $ $ Assuming an income tax rate of 25%, determine the following amounts. Use a negative sign only to indicate a loss. $ 1,600,000 900,000 50,000 15,000 Amount 1,400,000 500,000 465,000 116,250 348,750.

How do you find nonoperating income?

Computing income Statement Subtotals The following selected items are taken from the adjusted trial balance of Dion inc. at December 31. Assuming an income tax rate of 25%, determ ne the following amounts. - Use a negative sagn only to indicate a loss