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

Gross profit	$411,000
General and administrative expenses	84,000
Net cash used by investing activities	104,000
Dividends paid	52,000
Interest expense	61,000
Net sales	745,000
Advertising expense	74,000
Accounts payable	101,000
Income tax expense	84,000
Other selling expenses	41,000

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

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

	Net income