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Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2018, year- end trial balance contained the following income statement
Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2018, year- end trial balance contained the following income statement items: Account Title Debits Sales revenue Interest revenue Credits 13,100,000 56,000 Loss on sale of investments 106,000 Cost of goods sold 6,260,000 Selling expenses 626,000 General and administrative expenses 1,580,000 Interest expense 46,000 Research and development expense 1,260,000 Income tax expense 906,000 Required: Calculate the company's operating income for the year. Total operating revenue Less operating expenses: 0 0 0
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