What was Callie's income from operations?
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· Operating expenses were $231,000;
· Cost of goods sold was $376,000;
· Net sales were $940,000;
· Interest expense was $32,000;
· Gain on sale of a building was $76,000;
· Income tax expense was $151,000.
What was Callie's income from operations?
d)$232,000
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- Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.The Callie Company has provided the following information: Operating expenses were $231,000; Cost of goods sold was $376,000; Net sales were $940,000; Interest expense was $32,000; Gain on sale of a building was $76,000; Income tax expense was $151,000. What was Callie's gross profit? Select one: a. $564,000. b. $188,000. c. $333,000. d. $232,000.Grandy productions reported the following items for the current year sales 15,250,000; cost of goods 8750,000; depreciation expense 335,000; taxes925,000 administrative expenses; 275,000 interest, expenses; 97,500 and marketing expenses 385,000. What is grandes operating income?
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