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The following is a partial year-end adjusted trial balance. Account Title Sales revenue Loss on sale of investments Interest revenue Cost of goods sold General
The following is a partial year-end adjusted trial balance. Account Title Sales revenue Loss on sale of investments Interest revenue Cost of goods sold General and administrative expense Restructuring costs Selling expense Income tax expense Debits a. Operating income (loss) b. Income (loss) before income taxes c. Net income (loss) $ 32,000 185,000 45,000 52,500 27,500 ? Credits $ 350,000 6,500 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).
please complete a b and c
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