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In 2019, Flamengo Corporation had the following: Credit sales totaled $769,000. Cash sales totaled $835,000. Cash collections from customers for services yet to be provided
In 2019, Flamengo Corporation had the following: Credit sales totaled $769,000. Cash sales totaled $835,000. Cash collections from customers for services yet to be provided totaled $74,000. A $2,000 loss from the sale of property and equipment occurred. Interest income was $16,900. Interest expense was $5,700. Supplies expense was $462,000. Rent expense for the store was $72,000. Wages expense was $50,000. Other operating expenses totaled $70,000. Unearned revenue was $3,000. 1) What are Flamengo's Operating Revenues? [ Select] 2) What are Flamengo's Operating Expenses? [Select] 3) What is Flamengo's income before income taxes? [ Select]
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