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Lant Company has provided the following information: . Cash sales totaled $260,000. Credit sales totaled $486,000. Cash collections from customers for services yet to be
Lant Company has provided the following information: . Cash sales totaled $260,000. Credit sales totaled $486,000. Cash collections from customers for services yet to be provided totaled $86,000. . A $22,000 loss from the sale of property and equipment occurred. Interest income was $8,400. Interest expense was $18,600. Supplies expense was $330,000. . Rent expense for the store was $36,000. Wages expense was $46,000. . Other operating expenses totaled $76,000. . Unearned revenue was $3,400. What is the amount of Lant's income from operations (operating income)? Multiple Choice 0 $314,000 0 O $236.000 0 O $217,800 0 $195,800 0
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