Income statement of Seneca corporation for the year 2019 is given below. Sales.............. $2,200,000 Cost of goods sold. ..... $1,300,000 Selling and administrative expense...... $420,000 Depreciation expense. $150,000 Interest expense............ $90,000 Taxes ....... 35% Preferred stock dividends............. $ 10,000 Number of common Shares outstanding......... 120,000 Operating Profit of Seneca? Multiple Choice $240,000 $200,000 C $900,000