Business, 17.02.2020 22:26 carrrlareyes

Lantz Company has provided the following information: Cash sales totaled $370,000. Credit sales totaled $497,000. Cash collections from customers for services yet to be provided totaled $97,000 A $22,000 loss from the sale of property and equipment occurred. Interest income was $9,500 Interest expense was $19,700. Supplies expense was $440,000 Rent expense for the store was $36,000 Wages expense was $57,000. Other operating expenses totaled $87,000 Unearned revenue was $4,100 What is the amount of Lantz's income from operations (operating income)? O a. $225,000 b. $314.000 c. $184,800 d. $206,800

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Lantz Company has provided the following information: Cash sales totaled $370,000. Credit sales tota...

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