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Quince Corporation has provided the following information: - Operating revenues from customers were $311,550. - Operating expenses for the store were $178,500. - Interest expense
Quince Corporation has provided the following information: - Operating revenues from customers were $311,550. - Operating expenses for the store were $178,500. - Interest expense was \$15,000. - Gain from sale of plant and equipment was $5,550. - Dividend payments to Quince's stockholders were $12,750. - Income tax expense was \$57,000. - Prepaid rent was \$5,200. How much was Quince's net income? Multiple Choice $53,850 $76,050 $68,850
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