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Hendrick, Inc. has the following data for the year ended December 31, 2020: Cost of goods sold....... $ 330,000 Sales...... 540,000 Interest expense..... 18,000 Selling

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Hendrick, Inc. has the following data for the year ended December 31, 2020: Cost of goods sold....... $ 330,000 Sales...... 540,000 Interest expense..... 18,000 Selling and administrative expenses... 73,000 Interest revenue..... 2,000 Calculate (1) Income from operations; and (2) Income before tax. Provide your answers below. (2.5 points each) Answer: (1) Income from operations= A (2) Income before tax=

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