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During the year ended December 31, 2021, Halo had sales of $3,000, cost of goods sold of $1,200, and sales, general and administrative expenses of
During the year ended December 31, 2021, Halo had sales of $3,000, cost of goods sold of $1,200, and sales, general and administrative expenses of $200. In addition, Halo is involved in a restructuring process expected to last several years, and incurred restructuring costs in 2021 of $100. During the year the company also sold various investments for a net pre-tax loss of $60, and received $40 in dividends from investments. In addition, it incurred $50 of loss on inventory write-down due to obsolescence. What amount of operating income and nonoperating income/expenses will Halo present in its 2021 income statement? Operating income: $1,390; Nonoperating income: $40. Operating income: $1,450; Nonoperating expenses: $20. Operating income: $1,500; Nonoperating expenses: $70. Operating income: $1,600; Nonoperating expenses: $170
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