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Use the following data to determine income from continuing operations. Dividend Income $7,000 Gain on sale of old equipment $15,000 General Administrative Expenses $300,000 Gross
Use the following data to determine income from continuing operations.
Dividend Income | $7,000 |
Gain on sale of old equipment | $15,000 |
General Administrative Expenses | $300,000 |
Gross Sales | $2,500,000 |
Interest Expense | $25,000 |
Interest Income | $15,000 |
Sales Discounts | $10,000 |
Sales Returns & Allowances | $20,000 |
Selling Expenses | $250,000 |
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