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Lant Company has provided the following information: Cash sales totaled $360,000. Credit sales totaled $496,000. . Cash collections from customers for services yet to be
Lant Company has provided the following information: Cash sales totaled $360,000. Credit sales totaled $496,000. . Cash collections from customers for services yet to be provided totaled $96,000. A $21,000 loss from the sale of property and equipment occurred. Interest income was $9,400. Interest expense was $19,600. . Supplies expense was $460,000. . Rent expense for the store was $35,000. Wages expense was $56,000. Other operating expenses totaled $86,000. . Unearned revenue was $3,600. What is the amount of Lant's income before income taxes? Multiple Choice $198,000 $283,800 $187,800 $396,000
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