The following is a partial year-end adjusted trial balance.Account

Title Debits  Credits
Sales revenue     $490,000
Loss on sale of investments $60,000
Interest revenue     8,000
Cost of goods sold  255,000
General and administrative expense  59,000
Restructuring costs  59,500
Selling expense  34,500
Income tax expense  ?

Income tax expense has not yet been recorded. The income tax rate is 25%.

a. Determine the operating income (loss).
b. Determine the income (loss) before income taxes.
c. Determine the net income (loss).

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