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what is the amount of lants income from operations (operating income)? Lant Company has provided the following information: Cash sales totaled $320,000. Credit sales totaled
what is the amount of lants income from operations (operating income)?
Lant Company has provided the following information: Cash sales totaled $320,000. Credit sales totaled $492,000 Cash collections from customers for services yet to be provided totaled $92,000. A $28,000 loss from the sale of property and equipment occurred . Interest Income was $9.000, Interest expense wa $19.200. - Supplies expense was $390,000. Rent expense for the store was $31.000, Wages expense was $52,000 Other operating expenses totaled $82,000 .. Unearned revenue was $3,500. What is the amount of Lant's income from operations (operating Income)? Multiple Choice O $319,000 O $216,800 O $229,000 $188,800 Step by Step Solution
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