LeGrand Corporation reported the following amounts in its income statement:

Sales revenue	$	440,000
Advertising expense		60,000
Interest expense		10,000
Salaries expense		55,000
Utilities expense		25,000
Income tax expense		45,000
Cost of goods sold		180,000

What was LeGrand's operating income?

Question 16 options:

	$110,000
	$65,000
	$260,000
	$120,000