Problem 4-25 (Algo) Calculate income from operations and net income LO 4-6, 4-7 Selected information taken from the financial statements of Verbeke Company for the year ended December 31, 2022, 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 Required: $ 415,000 82,000 107,000 51,000 63,000 741,000 76,000 104,000 82,000 43,000 a. Calculate income from operations (operating income) for the year ended December 31, 2022. b. Calculate net income for the year ended December 31, 2022. Answer is complete but not entirely correct. a. Income from operations $ 201,000 b. Net income $ 83,000