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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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