Caroline Corporation's results for the year ended December 31, 2016, include the following material items: Selling and administrative expenses 1,500,000 Cost of goods sold 2,600,000 Interest Expense 350,000 Provision for income taxes 195,000 Sales revenue 5,000,000 Caroline Corporation's operating income for 2016 is: $2,400,000 None of the other answers. $550,000 $900,000