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Ivanhoe Inc. had a net loss of $85,700 prior to the following transactions: The company wrote off accounts of customers owing $39,400. The company
Ivanhoe Inc. had a net loss of $85,700 prior to the following transactions: The company wrote off accounts of customers owing $39,400. The company recovered $8,500 in receivables from customers whose accounts had previously been written off. The company recorded credit losses of $43,600 based on an aging analysis of its receivables. What would Ivanhoe's net income (or loss) be after these transactions? (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)
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