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Use the following information (in thousands): Sales revenue.... .S300,000 Gain on sale of equipment. .......$90,000 Cost of goods sold.... $164,000 Interest expense........ .S16,000 Selling &
Use the following information (in thousands): Sales revenue.... .S300,000 Gain on sale of equipment. .......$90,000 Cost of goods sold.... $164,000 Interest expense........ .S16,000 Selling & administrative expenses... $30,000 Income tax rate... .530% Determine the amount of income from operations. O $60,000 O $196,000 0 $76,000 $180,000
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