Selected information taken from the financial statements of Fordstar Co. for the year ended December 31, 2010, follows: Net cash provided by operations $98,000 Cost of goods sold 310,000 Selling, general, and administrative expenses 124,000 Accounts payable 90,000 Extraordinary loss from hurricane, net of tax savings of $36,000 136,000 Research and development expenses 30,000 Net loss from discontinued operations, net of tax savings of $24,000 60,000 Provision for income taxes 78,000 Net sales 840,000 Interest expense 64,000 Required: (a) Calculate income from operations (operating income) for the year ended December 31, 2010. (Omit the "$" sign in your response.) Operating income $ (b) Calculate net income for the year ended December 31, 2010. (Omit the "$" sign in your response.) Net income $