Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $$510,000$ and an average tax rate of $34\%.$ She spent $$51,000$ on ingredients, $$25,500$ on utilities, and $$91,800$ to rent the premises.

Emily has a few employees and paid them $$102,000$ in wages in total. She also paid herself a salary of $$76,500$ and spent $$51,000$ to pay for employee benefits.

A few years ago, Emily borrowed money to buy the ice making equipment. Last year, she paid $$25,500$ in interest on that loan. Depreciation for the equipment was $$15,300.$

Part $1$

Attempt $\frac{1}{10}$ for $1$ pts$.$

What was operating income $($EBIT$)$ for the year?

Correct $$

$\backslash$table$[[$Line item,Value$],[$Sales$,510,000],[$Ingredients$,51,000],[+$ Employee wages,$+102,000$