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Calculating operating income for the year

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Reference no: EM13132263

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 recievable $134,000
Extraordinary gain from lawsuit settlement, net of tax expense of $26,000 - $90,000

Reference no: EM13132263

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