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please write it out so i understand how the answer came to be Selected information taken from the financial statements of Verbeke Co. for the

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Selected information taken from the financial statements of Verbeke Co. for the year ended December 31, 2019, follows: Gross profit General and administrative expenses Net cash used by investing activities Dividends paid Interest expense Net sales Advertising expense Accounts payable Income tax expense Other selling expenses $412,000 82,000 105,000 53,000 62,000 740,000 75,000 104,000 85,000 42,000 Required: a. Calculate income from operations (operating income) for the year ended December 31, 2019. Income from operations b. Calculate net income for the year ended December 31, 2019. Net income

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