The Willie Company Has Provided the Following Information: Operating Expenses

question 63

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 net income?

• A)$373,000.
• B)$328,000.
• C)$199,000.
• D)($156,000).

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