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Sales revenue 160,000 Income taxes 30,000 Sales returns and allowances 6,000 Advertising expense 10,200 Sales salaries expense 15,600 Administrative Salaries expense 13,300 Depreciation of office

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Sales revenue 160,000 Income taxes 30,000 Sales returns and allowances 6,000 Advertising expense 10,200 Sales salaries expense 15,600 Administrative Salaries expense 13,300 Depreciation of office 14,100 Cost of goods sold 29.000 equipment If this information was used to prepare an income statement, Total Administrative Expenses should be Select one: a. 27 400 b. 25,800 c. 23,500 d. 14.100 e. 13,300 Presented below is financial information related to Ibra Company Income from operations 90,000 Income taxes 30% Loss on disposal of the component in the company 7,000 interest expense 10,000 If this information was used to prepare an income statement Net Income should be: Select one: a. 90,000 b. 73,000 C. 80,000 d. 83,000 e. 49,000 6,000 Selling expenses Gross profit Unrealized gain on available for sale securities 60,000 Interest expense 170,000 Income tax 2,000 administrative expenses 12,000 20,000 If this information was used to prepare an income statement, Net Income should be: Select one: a. 110.000 b. 72,000 C. 54,000 d. 60,000 e. 66,000

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