Calculate the operating income

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Question - The information contained below is for the fiscal year ended December 31, 2013.

Cost of goods sold

$117,000

General and administrative expenses

48,000

Net Cash provided by financing activities

69,000

Dividends paid

16,000

Extraordinary loss from an flood, net of tax saving of $32,000

74,000

Income tax expense

11,000

Other selling expenses

26,000

Net Sales

278,000

Advertising expense

39,000

Accounts payable

33,000

Calculate the operating income for 2013.

Reference no: EM131706166

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