During 2015, Parker Enterprises generated revenues of $90,000. The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Parker's income from operations is

Question

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Income from operations is calculated by subtracting the cost of goods sold and operating expenses from revenues.
$90,000 - ($45,000 + $18,000) = $27,000

During 2015, Parker Enterprises Generated Revenues of $90,000