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The Callie Company has provided the following information: Operating expenses were $247,000; Cost of goods sold was $344,000; Net sales were $970,000; Interest expense was
The Callie Company has provided the following information:
Operating expenses were $247,000;
Cost of goods sold was $344,000;
Net sales were $970,000;
Interest expense was $50,000;
Gain on sale of a building was $87,000;
Income tax expense was $83,200.
What was Callies income from operations (operating income)?
$282,000.
$232,000.
$319,000.
$466,000.
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