During $2016,$ Wu Han Co$.$ generated revenues of $$95,000.$ The company's expenses were as follows: cost of goods sold of $$47,000,$ operating expenses of $$16,000$ and a loss on the sale of equipment of $$5,000.$

Wu Han's income from operations is

Select one:

a$.$ $$37,000.$

b$.$ $$48,000.$

c$.$ $$32,000.$

d$.$ $$95,000.$