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

Account Title	Debits	Credits
Sales revenue		300,000
Loss on sale of investments	22,000
Interest revenue		4,000
Cost of goods sold	160,000
General and administrative expenses	40,000
Restructuring costs	50,000
Selling expenses	25,000
Income tax expense	0

Income tax expense has not yet been recorded. The income tax rate is 40%.

a.

Determine the operating income (loss).

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

c.	Determine the net income (loss).