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Lantz 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
Lantz 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. Cost of goods sold was $360,000. Rent expense was $36,000. Salaries expense was $46,000. Other operating expenses totaled $76,000. Unearned revenue was $4,600. How much was Lantz's operating
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