Problem: Please assist with the given problem.
Consider the following information for Ball Corp.
Selling and administrative expense................................ $ 50,000
Depreciation expense.................................................. 80,000
Sales...................................................................... 400,000
Interest expense.......................................................... 30,000
Cost of goods sold........................................................ 150,000
Taxes......................................................................... 18,550
What is the Net Income for Ball Corp?
- 71,450
- 90,000
- 120,000
- None