QUESTION 25 Companies generate income from their "regular" operations and from other sources like interest earned on the securities they hold, which is called non- operating income. Lindley Textiles recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,000 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus- state income tax rate was 25%. How much was Lindley's operating income, or EBIT? O a. $4,038 Ob. $3,836 O c. $3,462 d. $4,250 Oe. $3,644