Moving to another question will save this response. Question 7 Walter Company had the following account balances for the year ended Dec 31. Which of the following will be reported under the "Non-Operating items" of the income statement? Delivery expense 25,000 Income tax expense 5,475 Unearned revenue 24,600 Prepaid Rent 4,275 Sales discount 5,000 Salary Expense Payable 8,250 Account Receivable 20,000 Gain on sale of long-term assets 1,500 Utilities payable 5,000 Loss on sale of shares 2.500 Interest Revenue and gain on Sale of investments Loss on sale of shares and gain on sale of long-term assets OGain on Sale of Investments and Income Tax Expense O Unearned revenue, income tax expense and interest revenue a . E D . AM A ING 905