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Use the following information (in thousands): Sales revenue 300,000 Gain on sale of equipment 90,000 Cost of goods sold 164,000 Interest expense 16,000 Selling &

Use the following information (in thousands):

Sales revenue 300,000

Gain on sale of equipment 90,000

Cost of goods sold 164,000

Interest expense 16,000

Selling & administrative expenses 30,000

Income tax rate 30%

Determine the amount of income taxes.

Select one: a. 54,000 b. 27,000 c. 18,000 d. 8,000

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