During August, 2014, Joe's Supply Store generated revenues of $90,000. The company's expenses were as follows: cost of goods sold of $36,000 and operating expenses of $6,000. The company also had rent revenue of $1,500 and a gain on the sale of a delivery truck of $3,000. Joe's other income and expense (loss) for the month of August, 2014 is

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Other income and expense (loss) can be calculated as follows:

Total revenue = $90,000 
Cost of goods sold = $36,000 
Operating expenses = $6,000 
Net income (before other income and expense) = $90,000 - ($36,000 + $6,000) = $48,000

Rent revenue = $1,500

Gain on sale of delivery truck = $3,000

Other income and expense (loss) = Rent revenue + Gain on sale of delivery truck = $1,500 + $3,000 = $4,500

During August, 2014, Joe's Supply Store Generated Revenues of $90,000