Assume accounts have normal balances. Selected Accounts from Trial Balance Amount Merchandise inventory (ending) $56,500 Other (noninventory) assets 202,600 Total liabilities 42,500 Retained earnings 154,425 Dividends 3,000 Sales 334,650 Sales discounts 4,875 Sales returns and allowances 12,000 Cost of goods sold 115,600. Sales salaries expense 44,500 Rent expense-Selling space 16,000 Store supplies expense 3,850 Office supplies expense 1,100 Required: Compute the company's operating income. Round to the nearest whole dollar, i.e. $122,879.50 would be 122,880.