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Calculate operating income for the year ended december

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Reference no: EM131782703

Question - Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2011.

Research & Development expenses $86,000

Loss from discounted operations $34,000

Provision from income taxes $68,000

Net Sales $1,022,000

Interest expense $72,000

Net cash provoded by operations $76,000

Gross profit $292,000

Selling, general & administrative expenses $62,000

Accounts receivable $134,000

Extraordinary gain from lawsuit settlement, net of tax expense of $26,000 - $90,000

Reference no: EM131782703

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