For the year ended December 31, 2023, Charley Company had gross profit of $1,267,500, cost of goods sold of $959,000, interest expense of $43,500, operating expenses of $249,000, and income tax expense of $407,500. What was Charley's operating income? $1,018,500 $775,300 $975,000 $1,224,000 $567,500