Reference no: EM132843963

The Callie Company has provided the following information:

Operating expenses were $231,000;
Cost of goods sold was $376,000;
Net sales were $940,000;
Interest expense was $32,000;
Gain on sale of a building was $76,000;
Income tax expense was $151,000.

problem 1: What was Callie's income from operations (operating income)?

Option 1: $333,000.

Option 2: $188,000.

Option 3: $156,000.

Option 4: $232,000.