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Sales revenue: 300,000; Loss on sale of investments: 22,000; Interest Revenue: 4,000; Loss from flood damage: 50,000; Cost of Goods Sold: 160,000; General and administrative
Sales revenue: 300,000; Loss on sale of investments: 22,000; Interest Revenue: 4,000; Loss from flood damage: 50,000; Cost of Goods Sold: 160,000; General and administrative expenses: 40,000; Restructuring costs: 50,000; Selling expenses: 25,000; Income tax: (not yet accrued; rate is 40%); What is Net Income
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