elected information taken from the financial statements of Verbeke Co. for the year ended December 31, 2019, follows:

Gross profit	$412,000
General and administrative expenses	85,000
Net cash used by investing activities	108,000
Dividends paid	52,000
Interest expense	63,000
Net sales	747,000
Advertising expense	76,000
Accounts payable	100,000
Income tax expense	83,000
Other selling expenses	43,000

Required: a. Calculate income from operations (operating income) for the year ended December 31, 2019.

b. Calculate net income for the year ended December 31, 2019.