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sales revenue 700,000 COGS 330,000 Selling and Admin 100,000 Dividends declared paid 8,000 depreciation ex 18,000 interest revenue 7,000 Gain on discontinued operation 15,000 All

sales revenue 700,000
COGS 330,000
Selling and Admin 100,000
Dividends declared paid 8,000
depreciation ex 18,000
interest revenue 7,000
Gain on discontinued operation 15,000

All amounts are before tax, assume 15% tax. what is the amount on a multi step income statement for income from operation?

-252,000

-292,000

-270,000

-277,000

-229,500

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