Selected information taken from the financial statements of Fordstar Co. for the year ended December 31, 2019, follows:

Net cash provided by operations	$	27,000
Cost of goods sold		117,900
Selling, general, and administrative expenses		40,500
Accounts payable		32,400
Dividends paid		56,700
Research and development expenses		24,300
Merchandise inventory		39,600
Provision for income taxes		15,300
Net sales		330,300
Interest expense		36,900

Required: a. Calculate income from operations (operating income) for the year ended December 31, 2019.

b. Calculate net income for the year ended December 31, 2019.