76. Ortiz Co. had the following account balances: Sales revenue $ 180,000 Cost of goods sold 90,000 Salaries and wages expense 15,000 Depreciation expense 30,000 Dividend revenue 6,000 Utilities expense 12,000 Rent revenue 30,000 Interest expense 18,000 Sales returns 16,500 Advertising expense 19,500 What amount would Ortiz report as income from operations in its income statement? 77. For Mortenson Company, the following information is available: Cost of goods sold $240,000 Sales discounts 8,000 Income tax expense 24,000 Operating expenses 92,000 Sales revenue 400,000 In Mortenson's income statement, gross profit