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Selected information taken from the financial statements of Verbeke Co. for the year ended December 31, 2019, follows: Gross profit General and administrative expenses Net

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Selected information taken from the financial statements of Verbeke Co. for the year ended December 31, 2019, follows: Gross profit General and administrative expenses Net cash used by investing activities Dividends paid Interest expense Net sales Advertising expense Accounts payable Income tax expense Other selling expenses $411,000 80,000 107.000 $1,000 62,000 741,600 76,000 103,000 84,00 44,000 Required: 0. Calculate income from operations (operating income) for the year ended December 31, 2019, Income from operation b. Calculate net income for the year ended December 31, 2019 Not income

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