Use the data in the problem below and determine the no separately stated income or loss for the year. Present your determination in good form. This means all amounts must be labeled in proper order.

The profit and loss statement of Argos Inc., an S Corporation, shows $150,000 of book income. Argos is owned equally by 5 shareholders. The following items are included in book income.

Cost of Goods Sold	($60,000)
Tax Exempt Interest	$1,000
Sales	$188,000
Dividends Received	$12,000
Selling Expenses	($10,000)
Long-Term Capital Gain	$6,000
Depreciation Recapture Income	$2,000
1231 Gain	$7,500
Long-Term Capital Loss	($4,000)
Administrative Expenses	($20,000)
Charitable Contributions	($2,500)
Investment Income	$32,000
Investment Expense	($2,000)