Moodle X Question 4 Not yet answered Marked out of 6.00 Flag question Arteaga Corporation has a tax rate of 40% and Earings from operations of $464,000. It also has the following items (gross amounts). Inventory write-down- Interest Expense $74.000 12.300 Loss from floods 22.000 Gain on disposal of equipment 16.000 Change in accounting principle increasing 106,000 10.500 prior year's income Loss from closure of inactive division What is the amount of Net Income that Arteaga would report in its Income Statement? A BIE Arteaga Corporation-Partial Income Statement Details Amo ($)