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Ouestions Question 9 Use the Somerset Corporation 2019 data set below to answer this question...

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Ouestions Question 9 Use the Somerset Corporation 2019 data set below to answer this question How much net income would Somerset report in 2019 we ASSUME that the company reported income before tax of $2.500,000 on its multistep income statement for the year and provided the additional information below? 4 points Column2 Columnt Data set below for Somerset Corporation for the year ended 12/31/19 Cost of goods sold Loss on disposal of the Shelly division discontinued Income from operation of the Shelly division discontinued Loss on writedown of Property Plant & Equipment Selling general and administrative expenses Tax rate 1,600,000 400.000 500,000 100,000 300.000 30.0% * $1,750,000 OB $1,778,000 OC. $2,338,000 0.51.820,000

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