Problem:
During August Baxters supply store generated revenues of $30,000.The company expenses were as follows. Cost of goods sold of $18,000 and operating expenses of $2,000. The company also had rent revenue of $500 and a gain on the sale of delivery truck of $1,000. What is the nonoperating income loss for the month of August?
-$0,
-$500,
-$1,000, or
-$1,500