Slotnick Company sells, rents, and services ski equipment. Information about the companys financial performance for a recent fiscal period is provided below. Average shares outstanding 20,000 Cost of goods sold $34,000 Debt outstanding 65,000 General and administrative expenses 12,000 Income tax expense 20,000 Interest expense 8,000 Payments to owners 30,000 Rental revenue 45,000 Sales revenue 79,000 Selling expense 27,000 Service revenue 23,000 From the information provided, compute the following amounts for the period: a. Gross profit b. Operating expenses c. Income from operations d. Pretax income e. Net income f. Earnings per share
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