The Willie Company Has Provided the Following Information: Operating Expenses

question 5

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.
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What was Willie's nonoperating income (expense) ?

• A)($71,000).
• B)($158,000).
• C)$216,000.
• D)$257,000.

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