Problem
PB&J Company reports the following items as part of its financial results:
|
Sales revenues from regular business operations
|
$2,800,000
|
|
Cost of goods sold
|
750,000
|
|
Operating expenses from regular business operations
|
400,000
|
|
Loss on disposal of several items of property, plant, and equipment
|
15,000
|
|
Income tax rate
|
35%
|
|
Gain on the termination of a discontinued business segment
|
51,000
|
How much is the total operating income from continuing operations?