Question
Tax expense ......................................... 80 Accumulated depreciation................... 150 Sales..................................................... 850 Unearned revenue................................. 40 Investment income................................ 20 Selling and administrative expense...... 120 Pre-paid insurance expense.................. 80 Gross
Tax expense ......................................... 80 Accumulated depreciation................... 150 Sales..................................................... 850 Unearned revenue................................. 40 Investment income................................ 20 Selling and administrative expense...... 120 Pre-paid insurance expense.................. 80 Gross Profit .......................................... 400 Other operating expense...................... 15 Dividends.............................................. 4 Operating income is:?
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