Selected information taken from the financial statements of Fordstar Co. for the year ended December 31, 2013, follows:

Net cash provided by operations	$ 24,000
Cost of goods sold	104,800
Selling, general, and administrative expenses	36,000
Accounts payable	28,800
Dividends paid	50,400
Research and development expenses	21,600
Merchandise inventory	35,200
Provision for income taxes	13,600
Net sales	293,600
Interest expense	32,800

Required:
a.	Calculate income from operations (operating income) for the year ended December 31, 2013.

b.	Calculate net income(loss) for the year ended December 31, 2013.