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Sales & bar 13. Logan Corp.'s trial balance of income statement accounts for the year...

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Sales & bar 13. Logan Corp.'s trial balance of income statement accounts for the year ended December 31, 2017 included the following: Debit Credit $280,000 Sales revenue Cost of goods sold $170.000 Administrative expenses 40.000 Loss on disposal of equipment 18.000 Sales commission expense 16,000 Oy tam 10,000 Interest revenue Freight-out 6,000 Loss from discontinued operations 24,000 6,000 Totals $280,000 $290,000 OLE TAM Bad debt expenso Other information Logan's income tax rate is 30%. Finished goods inventory: January 1, 2017 $160,000 December 31, 2017 140,000 On Logan's multiple-step income statement for 2017, income from continuing operations is $68,000 B) 534.000 $23.800 D) $7.000

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