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19. Lantz Company has provided the following information: Cash sales totaled $255,000. Credit sales totaled...

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Accounting

image 19. Lantz Company has provided the following information: Cash sales totaled $255,000. Credit sales totaled $479,000. Cash collections from customers for services yet to be provided totaled $88,000. A $22,000 loss from the sale of property and equipment occurred. Interest income was $7,700. Interest expense was $19,900. Cost of goods sold was $336,000. Rent expense was $36,000. Salaries expense was $49,000. Other operating expenses totaled $79,000. Unearned revenue was $4,000. How much was Lantz's operating income? A. $221,800. B. $322,000. C. $199,800. D. $234,000. 19. Lantz Company has provided the following information: Cash sales totaled $255,000. Credit sales totaled $479,000. Cash collections from customers for services yet to be provided totaled $88,000. A $22,000 loss from the sale of property and equipment occurred. Interest income was $7,700. Interest expense was $19,900. Cost of goods sold was $336,000. Rent expense was $36,000. Salaries expense was $49,000. Other operating expenses totaled $79,000. Unearned revenue was $4,000. How much was Lantz's operating income? A. $221,800. B. $322,000. C. $199,800. D. $234,000

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