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 52,000 61,000 746,000 75,000 104,000 84,000 43,000 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