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Table 5-2 -Referring to Table 5-2, What Is the Net Income or
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Question 96

Multiple Choice

Table 5-2  Sales revenue $382,000 Net sales revenue $360,000 Gross margin 255,000 Operating expenses 132,000 Interest expense 30,000 Interest revenue 60,000\begin{array} { | l | r | } \hline \text { Sales revenue } & \$ 382,000 \\\hline \text { Net sales revenue } & \$ 360,000 \\\hline \text { Gross margin } & 255,000 \\\hline \text { Operating expenses } & 132,000 \\\hline \text { Interest expense } & 30,000 \\\hline \text { Interest revenue } & 60,000 \\\hline\end{array}
-Referring to Table 5-2, what is the net income or net loss?


A) net loss of $3,000
B) net income of $30,000
C) net loss of $30,000
D) net income of $153,000

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