2.

Selling, general, and administrative expenses were $165,000; net sales were $750,000; interest expense was $18,000; research and development expenses were $78,750; net cash provided by operating activities was $199,100; income tax expense was $16,800; cost of goods sold was $412,500.

Required:

a.

a. Calculate operating income for the period.

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Operating Expenes:

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b.	Calculate net income for the period.

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