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 83,000 108,000 52,000 62,000 747,000 75,000 100,000 83,000 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