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Karteen Ltd. reported the following amounts in its income statement accounts for 2020: Interest revenue: $ 800 Salaries expense: $45,000 Rent expense: $28,000 Sales revenue:
Karteen Ltd. reported the following amounts in its income statement accounts for 2020:
Interest revenue: $ 800
Salaries expense: $45,000
Rent expense: $28,000
Sales revenue: $325,000
Loss on sale of equipment: $8,500
Income tax expense: $2,600
Cost of goods sold: $160,000
Sales discounts: $2,000
What is Karteen's income from operations?
Question 7 options:
| $79,700 |
| $82,300 |
| $163,000 |
| $90,000 |
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