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Refer to the following adjusted trial balance. Woods Company Adjusted Trial Balance For the Year Ended December 31, 2019 Cash $45,000 Accounts receivable 50,000 96,000

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Refer to the following adjusted trial balance. Woods Company Adjusted Trial Balance For the Year Ended December 31, 2019 Cash $45,000 Accounts receivable 50,000 96,000 100,000 $20,000 Inventory Equipment Accumulated depreciation, equipment Accounts payable Common Stock Retained Earnings Dividends 56,000 181.000 20,000 36.000 Net Sales revenue 400.000 260.000 Cost of goods sold Administrative expenses 42.000 Selling expenses 38.000 19.000 interest expense Fora 5732.000 5732.000 What is operating income? $425.000 $400.000 $120.000 560.000

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