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Calculate other expense income: Income Statement May 31, 2021 May 31, 2020 May 31, 2019 REVENUE $ 83,959 $ 69,217 $ 69,693 OPERATING EXPENSES: Salaries and employee benefits 30,173 25,031 24,776 Purchased transportation 21,674 17,466 16,654 Rentals and landing fees 4,155 3,712 3,360 Depreciation and amortization 3,793 3,615 3,353 Fuel 2,882 3,156 3,889 Maintenance and repairs 3,328 2,893 2,834 Business realignment costs 116 320 Goodwill and other asset impairment charges 435 Other 11,981 10,492 10,041 OPERATING EXPENSES 78,102 66,800 65,227 OPERATING INCOME 5,857 2,417 4,466 OTHER (EXPENSE) INCOME: Interest expense (793) (672) (588) Interest income 52 55 59 Other retirement plans income (expense) 1,983 (122) (3,251) Loss on debt extinguishment (393) Other, net (32) (9) (31) OTHER (EXPENSE) INCOME 817 (748) (3,811) INCOME BEFORE INCOME TAXES 6,674 1,669 655 PROVISION FOR INCOME TAXES 1,443 383 115 NET INCOME $ 5,231 $ 1,286 $ 540 BASIC EARNINGS PER COMMON SHARE $ 19.79 $ 4.92 $ 2.06 DILUTED EARNINGS PER COMMON SHARE $ 19.45 $ 4.90 $ 2.03

Calculate other expense income: Income Statement May 31, 2021 May 31, 2020 May 31, 2019 REVENUE $ 83,959 $ 69,217 $ 69,693 OPERATING EXPENSES: Salaries and employee benefits 30,173 25,031 24,776 Purchased transportation 21,674 17,466 16,654 Rentals and landing fees 4,155 3,712 3,360 Depreciation and amortization 3,793 3,615 3,353 Fuel 2,882 3,156 3,889 Maintenance and repairs 3,328 2,893 2,834 Business realignment costs 116 320 Goodwill and other asset impairment charges 435 Other 11,981 10,492 10,041 OPERATING EXPENSES 78,102 66,800 65,227 OPERATING INCOME 5,857 2,417 4,466 OTHER (EXPENSE) INCOME: Interest expense (793) (672) (588) Interest income 52 55 59 Other retirement plans income (expense) 1,983 (122) (3,251) Loss on debt extinguishment (393) Other, net (32) (9) (31) OTHER (EXPENSE) INCOME 817 (748) (3,811) INCOME BEFORE INCOME TAXES 6,674 1,669 655 PROVISION FOR INCOME TAXES 1,443 383 115 NET INCOME $ 5,231 $ 1,286 $ 540 BASIC EARNINGS PER COMMON SHARE $ 19.79 $ 4.92 $ 2.06 DILUTED EARNINGS PER COMMON SHARE $ 19.45 $ 4.90 $ 2.03

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate other expense income:

Income Statement  May 31, 2021 May 31, 2020 May 31, 2019
REVENUE  $ 83,959  $ 69,217  $ 69,693
OPERATING EXPENSES:      
Salaries and employee benefits 30,173 25,031 24,776
Purchased transportation 21,674 17,466 16,654
Rentals and landing fees 4,155 3,712 3,360
Depreciation and amortization 3,793 3,615 3,353
Fuel 2,882 3,156 3,889
Maintenance and repairs 3,328 2,893 2,834
Business realignment costs 116   320
Goodwill and other asset impairment charges   435  
Other 11,981 10,492 10,041
OPERATING EXPENSES 78,102 66,800 65,227
OPERATING INCOME 5,857 2,417 4,466
OTHER (EXPENSE) INCOME:      
Interest expense (793) (672) (588)
Interest income 52 55 59
Other retirement plans income (expense) 1,983 (122) (3,251)
Loss on debt extinguishment (393)    
Other, net (32) (9) (31)
OTHER (EXPENSE) INCOME 817 (748) (3,811)
INCOME BEFORE INCOME TAXES 6,674 1,669 655
PROVISION FOR INCOME TAXES 1,443 383 115
NET INCOME  $ 5,231  $ 1,286  $ 540
BASIC EARNINGS PER COMMON SHARE  $ 19.79  $ 4.92  $ 2.06
DILUTED EARNINGS PER COMMON SHARE  $ 19.45  $ 4.90  $ 2.03
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