Question
The trial balance of Harris Inc. included the following accounts as of December 31, 2015: Harris Inc. Trial Balance As of December 31, 2015 Debits
The trial balance of Harris Inc. included the following accounts as of December 31, 2015: Harris Inc. Trial Balance As of December 31, 2015 Debits Credits Sales Revenue $912,300 Interest expense $21,400 Gain on sale of investments $22,000 Unrealized loss on investments $48,000 Cost of Goods Sold $605,700 Loss from discontinued operations, net of gain on sale $37,000 Foreign currency translation gain $45,600 Selling expenses $87,300 Restructuring costs $38,500 Interest Revenue $19,800 General and administrative expenses $98,700 Harris had 28,000 shares of stock outstanding at the beginning of the year and issued an additional 5,100 shares on September 1. Income tax expense has not yet been accrued. The effective tax rate is 35%. Prepare a multiple-step comprehensive income statement with earnings per share disclosure and answer the next three questions: 14. (1 points) What is Harris operating income?
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