Question: x Current Attempt in Progress Your answer is partially correct. Kingbird Company's income statement for the year ended December 31, 2025, contained the following condensed

statement for the year ended December 31, 2025, contained the following condensed

information. Service revenue $848,000 Operating expenses (excluding depreciation) $626,000 Depreciation expense 60,000

Current Attempt in Progress Your answer is partially correct. Kingbird Company's income statement for the year ended December 31, 2025, contained the following condensed information. Service revenue $848,000 Operating expenses (excluding depreciation) $626,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 712,000 Income before income taxes 136,000 Income tax expense 41,000 Net income $95,000

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