r] Week 5 - Learning Activity 1 g M Question 10 - Week 5 - Lear s * Course Hero @ (=B Week 5 - Learning Activity 1 @) 10 Part 2 of 2 Required information For Year Ended December 31, Year 2 X Saved SRS s e m $590,000 Cost of goods sold ......... .. $300,000 Wages and other operating expenses.. 216,000 Interest expense ... 7,000 Depreciation expense .. 24,000 (547,000) 43,000 Other gains (losses) Gain on retirement of notes ... 16,000 Loss on sale of plant assets . (6,000) 10,000 Income before taxes ..... 53,000 Income taxes expense (15,000) Net income $ 38,000 Knowledge Check 01 s ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F %252FIms.mheducation.com%252Fmghmi... Help A company reported that its bonds with a par value of $40,000 and a carrying value of $52,000 are retired for $60,000 cash, resulting in a loss of $8,000. The amount to be reported under cash flows from financing activities is O $(8,000) O $(60,000) O $12,000 O $40,000 O $(52,000)