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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 Sales revenue Credits Debits 13,100,000 56,000 Interest revenue Loss on sale of investments Cost of goods sold Selling expenses General and administrative expenses 106,000 6,260,000 626,000 1,580,000 46,000 1,2 906,000 Interest expense eseareh and development expense Income tax expense Required: Calculate the company's operating income for the year. Total operating revenue Less operating expenses
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