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

Gross profit	$412,000
General and administrative expenses	81,000
Net cash used by investing activities	108,000
Dividends paid	54,000
Interest expense	64,000
Net sales	743,000
Advertising expense	75,000
Accounts payable	105,000
Income tax expense	82,000
Other selling expenses	42,000

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

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