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Sandhill Co. incurred the following infrequent losses during 2020: A $271000 write-down of equipment leased to others. A $141000 downward adjustment of receivable accruals on
Sandhill Co. incurred the following infrequent losses during 2020: A $271000 write-down of equipment leased to others. A $141000 downward adjustment of receivable accruals on long-term contracts. A $221000 write-off of obsolete inventory. In its 2020 income statement, what amount should Sandhill report as total unusual losses?
$633000.
$492000.
$362000.
$412000.
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