Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions.Using the data on the previous page, calculate operating income for each company.

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Company A Company C Company B Wages Expense Equipment Accounts Receivable Service Revenue Cash Administrative Expenses $ 12 32 Net Sales Revenue 48 25 Cash Net Sales Revenue Selling Expenses Merchandise Inventory Equipment Accounts Receivable Cost of Goods Sold Finished Goods Inventory Cost of Goods Sold Selling Expenses 10 75 23 65 8. Cash 4 34 12 Rent Expense Equipment Work-in-Process Inventory Accounts Receivable Cost of Goods Manufactured 67 12 55 19 14 25 23 Administrative Expenses Raw Materials Inventory