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The income statement of Ride - On motors, an automotive manufacturer, for the year ended December 3 1 , 2 0 0 9 , reported

The income statement of Ride-On motors, an automotive manufacturer, for the year ended December 31,2009, reported revenues $7,400 million and cost of sales of $6,000 million. In addition, it reported other operating expenses of $900 million, a loss of $2 million on the sale of a business, and net financing income of $200 million. Tax expense for the year was $100 million. Compute the amount of net income or loss that Ride-On motors reported for 2009.
a. Net Income of $198 million
b. Net Income of $698 million
c. Net Loss of $698 million
d. Net Income of $598 Million
e. Net Loss of $598 Million

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