Daffodil Inc. reported the following information for 2020: Sales revenue $830,000 Cost of...
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Accounting
Daffodil Inc. reported the following information for 2020:
Sales revenue $830,000
Cost of goods sold 280,000
Operating expenses 49,000
Loss on sale of operating equipment 5,000
Loss on operations of the discontinued FoxGlove division 10,000
Loss on the sale of FoxGloves equipment 3,000
- For 2020, how much would Daffodil report as income from operations? Ignore taxes.
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