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

Net cash provided by operations	$	39,000
Cost of goods sold		170,300
Selling, general, and administrative expenses		58,500
Accounts payable		46,800
Dividends paid		81,900
Research and development expenses		35,100
Merchandise inventory		57,200
Provision for income taxes		22,100
Net sales		477,100
Interest expense		53,300

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.