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Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021, year- end trial balance contained the following income
Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021, year- end trial balance contained the following income statement items: Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Selling expenses General and administrative expenses Interest expense Research and development expense Income tax expense Debits $ 104,000 6,240,000 624,000 1,560,000 44,000 1,240,000 984,000 Required: Calculate the company's operating income for the year. Sales revenue Total operating revenue Less operating expenses: Credits $12,900,000 54,000 0 Sales revenue Total operating revenue Less operating expenses: Operating income SA $ 0 0 0
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