The account balances for Premera Blue Cross are listed below. All balances are as of December 31, 2023, except where noted otherwise.

Accounts Payable $16,500

Rent Expense $18,000

Accounts Receivable 28,800

Equipment 247,500

Wages Payable 7,800

Furniture 66,000

Prepaid Expenses 3,600

Notes Payable (due 12/31/25) 105,000

Dividends 6,000

Accumulated Depreciation 31,350

Sales Revenue 329,250

Cash 78,000

Notes Payable (due 4/30/24) 3,000

Common Stock 60,000

Cost of Goods Sold 158,400

Goodwill 150,000

Loss on Sale of Equipment 10,500

Retained Earnings (1/1/23) 42,450

Inventory 28,500

Marketable Equity Securities 1200

Advertising Expense 9,000

Depreciation Expense 31,350

Insurance Expense 6,000

Unearned Revenue 12,600

Determine Income from Operations for 2023:

Select one:

a. $124,500

b. $96,000

c. $170,850

d. $137,850

e. $106,500