Question content area top Part 1 Distinguish between operating income and net income. Question content area bottom Part 1 A. Net income includes cost of goods sold in its? calculation, whereas, operating income does not. B. Net income takes into account income? taxes, whereas, operating income does not take income taxes into account. C. Operating income includes operating costs in its? calculation, whereas, net income does not. D. Operating income takes into account income? taxes, whereas, net income does not take income taxes into account.