(Answered) Income statement relations the income statement of general

Finance

Income statement relations. The income statement of General Motors Corporation, a U.S. automotive manufacturer, for the year ended December 31, 2007, reported revenues of $207,349, cost of sales of $164,682, other operating expenses, including income taxes, of $50,335, and net financing income, after taxes, of $5,690. General Motors reports all amounts in millions of U.S. dollars ($). Compute the amount of net income or loss that General Motors reported for 2007.

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