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Selling expenses 60,000 Interest expense Gross profit 6,000 Unrealized gain on available for sale securities 12,000 170,000 Income tax 2,000 administrative expenses 20,000 of this

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Selling expenses 60,000 Interest expense Gross profit 6,000 Unrealized gain on available for sale securities 12,000 170,000 Income tax 2,000 administrative expenses 20,000 of this information was used to prepare an income statement, Net Income should be: Select one: ca. 110,000 b. 54,000 O C. 72,000 d. 66,000 e. 60,000

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