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How much is Income From Operating Activities? Cats Inc. prepared the following adjusted trial balance as of December 31. Adjusted Trial Balance 31-Dec Accounts Cash
How much is Income From Operating Activities?
Cats Inc. prepared the following adjusted trial balance as of December 31. Adjusted Trial Balance 31-Dec Accounts Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciationequipment Accounts payable Note payable Common stock Retained earnings Dividends Sales Interest income Cost of goods sold Selling expense Depreciation expense Interest expense Total Debit $60,000 95,000 89,000 2,000 400, ooo 6,000 400, ooo 4, 000 26,000 10,000 Credit $60,000 60,000 100,000 70,000 160,000 635,000 7,000 How much is Income From Operating Activities?
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