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During August 2022, Baxter's Supply Store generated revenues of $60,000. The company's expenses were as follows: cost of goods $36,000 and operating expenses of $4,000.
During August 2022, Baxter's Supply Store generated revenues of $60,000. The company's expenses were as follows: cost of goods $36,000 and operating expenses of $4,000. The company also had rent revenue of $1,000 and a gain on the sale of a delivery truck $2,000. Baxter's nonoperating income (loss) for the month of August 2022 is
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