During 2016, Wu Han Co. generated revenues of $100,000. The company's expenses were as follows: cost of goods sold of $47,000, operating expenses of $18,000 and a loss on the sale of equipment of $5,000. Wu Han's income from operations is Select one: O a. $37,000. O b. $95,000. O c. $35,000. O d. $53,000.