Paper Clip Company sells office supplies. The following information summarizes the company's operating activities for the year:

Utilities for the store

$ 9500

Sales commissions

10,500

Sales revenue

164,200

Purchases of merchandise

89,300

January 1 inventory

27,100

Rent for store

14,400

December 31 inventory

23,300

What is operating income?

		$36,700 = A
		$38,300 = B
		$153,700 = C
		$57,700 = D