Question

Total revenue 1600000 Operating expenses (excluding depreciation and amortization shown separately below) $500,000 Selling, general and administrative expenses (excluding depreciation and amortization shown separately $199,194 Cost of product sold $960,000 Other net periodic $(4,186) Depreciation & Amortization $90,000 Loss on disposal on asset $2,162 Interest expense net $50,000 Loss on debt extinguishment, net $6,484 Other expense, net $1,000 Income before taxe $300,000 Income taxe expense $70,000 Net Income $45,000

what is the operating income?

Answer 1

	Amount in $
Total Revenue	1,600,000
Less: Cost of prodcuct sold	960,000
Gross Profit	640,000
Less: Operating Expenses
Operating Expenses	500,000
Selling, General & administrative expenses	199,194
Depreciation & Amortization	90,000
Total Operating Expenses	789,194
Operating Income/(loss)	-149,194