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Smith Corporation has provided the following information: Cash sales totaled $ 1 2 5 , 0 0 0 . Credit sales totaled $ 2 7

Smith Corporation has provided the following information:
Cash sales totaled $125,000.
Credit sales totaled $279,000.
Cash collections from customers for services yet to be provided totaled $38,000.
An $11,000 gain from the sale of property and equipment occurred.
Interest income totaled $7,700.
How much of these items was included in operating income?
Multiple Choice
$415,000.
$411,700.
$442,000.
$460,700.

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