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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 statement
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: Debits Credits $14,000,000 65,000 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 $ 115,000 6,350,000 635,000 1,670,000 55,000 1,350,000 915,000 Required: Calculate the company's operating income for the year. Answer is not complete. Sales revenue 0 Total operating revenue Less operating expenses: Cost of goods sold Selling expenses General and administrative expenses Research and development expenses OOOO 0 0 Operating income
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