Selected information taken from the financial statements of Verbeke Co. for the year ended December 31, 2016, 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 81,000 106,000 54,000 61,000 745,000 76,000 102,000 84,000 44,000 Required a. Calculate income from operations (operating income) for the year ended December 31, 2016 Income from operations b. Calculate net income for the year ended December 31, 2016 Net income