- Sales revenue 250,000 Inventory 30,000 Sales returns and allowances 6,000 Advertising expense 10,000 Cash 51,000 Equipment 200,000 Sales salaries expense 16,000 Administrative Salaries expense 20,000 Income taxes 8,000 Shared-capital 100,000 Rent revenue 20,000 interest expense 2,000 Depreciation of office 15,000 Cost of goods sold 89,000 equipment If this information was used to prepare an income statement, Income from Operations should be: Select one: O a. 112,000 b. 114,000 O c. 92.000 O d. 80,000 O e. 94,000