The Willie Company Has Provided the Following Information: Operating Expenses

question 49

Multiple Choice

The Willie Company has provided the following information: Operating expenses were $345,000;
Income from operations was $415,000;
Net sales were $1,100,000;
Interest expense was $71,000;
Loss from sale of investments was $87,000;
Income tax expense was $58,000.
What was Willie's income before taxes?

• A)$344,000.
• B)$199,000.
• C)$257,000.
• D)$286,000.

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