2.

Selling, general, and administrative expenses were $187,000; net sales were $850,000; interest expense was $20,400; research and development expenses were $89,250; net cash provided by operating activities was $225,700; income tax expense was $19,040; cost of goods sold was $467,500.

Required:

a.	Calculate operating income for the period.
	_______________________ ______________ _______________________ ______________ _______________________ ______________ Operating Expense: _______________________ ______________ _______________________ ______________ _______________________ ______________

b.	Calculate net income for the period.
	_______________________ ______________ _______________________ ______________ _______________________ ______________ _______________________ ______________ _______________________ ______________