The following information is provided at December 31, 2015, the end of its first year.
Sales revenue $420,000
Cost of good sold 210,000
Selling and administrative expenses 75,000 Loss on sale of plant assets 45,000 Unrealized gain on non-trading securities, before tax 15,000 Interest Expense 10,000
Loss on discontinued operations, before of tax 20,000
Income tax rate 20% What is the net income for 2015? A. 72,000
B. 48,000 C. 52,000
D. 54,000