At December 31, 2015, the following information was available from Dole Co.'s accounting records: Cost Retail Inventory, 1/1/2015 $147,000 $ 203,000 Purchases 833,000 1,155,000 Additional markups 42,000 Available for sale $980,000 $1,400,000 Sales
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Test Pilot, Inc. reported a net operating loss of $25,000 for its tax year ended December 31, 2018. Test Pilot reported income of $20,000, $10,000 and $8,000 in 2019, 2020, and 2021, respectively.
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