The following is a partial year-end adjusted trial balance. 5 Debits Credits $310,000 $ 24,000 4,500 Account Title Sales revenue LOBs on sale of investments Interest revenue Cost of goods sold General and administrative expense Restructuring costs Selling expense Income tax expense 165,000 41,000 50,500 25,500 ? 37 Income tax expense has not yet been recorded. The income tax rate is 2 a. Determine the operating income (loss). b. Determine the income (loss) before income taxes. c. Determine the net income (loss). a. $ 28,000 b. Operating income (loss) Income (loss) before income taxes Net income (loss) $ 8,500 C. $ 2,125 The following is a partial year-end adjusted trial balance. 5 Debits Credits $310,000 $ 24,000 4,500 Account Title Sales revenue LOBs on sale of investments Interest revenue Cost of goods sold General and administrative expense Restructuring costs Selling expense Income tax expense 165,000 41,000 50,500 25,500 ? 37 Income tax expense has not yet been recorded. The income tax rate is 2 a. Determine the operating income (loss). b. Determine the income (loss) before income taxes. c. Determine the net income (loss). a. $ 28,000 b. Operating income (loss) Income (loss) before income taxes Net income (loss) $ 8,500 C. $ 2,125