According to the sports business journal, levy restaurants is the leading purveyor of premium food at major sports venues. it has chefs that specialize in the preparation of various foods working at different sports venues. for the super bowl, levy flew in more than two dozen of its chefs from venues to prepare food to feed the super bowl crowd. the chefs had the necessary skills.

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of