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Cotton's Gin, a distillery, had sales last month of $200,000, cost of goods sold of $90,000, marketing expenses of $10,000, salary expenses of $50,000, rent
Cotton's Gin, a distillery, had sales last month of $200,000, cost of goods sold of $90,000, marketing expenses of $10,000, salary expenses of $50,000, rent of $15,000, depreciation & amortization of $20,000, interest expense of $5,000, and paid $2,000 in income taxes. What was their operating income? (show your work!)
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