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Partial Information Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation Before Tax #s 255,000 6
Paragraph Interest Revenue Inventory Investments Gain on Sale of Land Notes Payable (short-term) Patent Preferred Stock Premi
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9,700,000 200,000 200,000 400,000 9,300,000 700,000 8,600,000 450,000 1,200,000 1,200,000 250,000 3,100,000 5,500,000 Sales l

1. Net Income = $5,901,600

2. Income from operations = $5,500,000

3.Total operating expense = $3,100,000

4. Gross margin = $8,600,000

5.Income from continuing operations after tax = $6,221,600

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