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Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2024, year- end trial balance contained the following income
Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2024, year- end trial balance contained the following income statement items: Account Title Sales revenue Interest revenue Debits Credits: $ 14,100,000 66,000 Loss on sale of investments. Cost of goods sold Selling expenses General and administrative expenses Interest expense Research and development expense: Income tax expense Required: Calculate the company's operating income for the year. Operating revenues: $ 116,000 6,360,000 636,000 1,680,000 56,000 1,360,000 916,000 Sales revenue $ 14,100,000 Total operating revenue Less operating expenses: 14,100,000 Total operating expenses 0 $ Operating income 14,100,000
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