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The following is a partial year-end adjusted trial balance. Account Title Debits Credits Sales revenue $ 330,000 Loss on sale of investments $ 28,000 Interest

The following is a partial year-end adjusted trial balance.

Account Title Debits Credits

Sales revenue $ 330,000 Loss on sale of investments $ 28,000 Interest revenue 5,500 Cost of goods sold 175,000 General and administrative expense 43,000 Restructuring costs 51,500 Selling expense 26,500 Income tax expense ?

Income tax expense has not yet been recorded. The income tax rate is 25%.

a. Determine the operating income (loss).

b. Determine the income (loss) before income taxes.

c. Determine the net income (loss).

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