The following information is for Jason Company for the current year. What is the operating income for the year? Net Sales $238,000 Cost of Goods Sold 146,000 Operating Expenses 38,000 Other Income and (Expenses): Gain on Sale of Equipment 11,000 Loss on Disposal of Equipment (4.000) Income Tax rate 40% A. $61,000 B. $92.000 C. $65.000 OD. $54,000 refers to corporations being able to rate more money than other types of businesses by selling shares of stock A Extended life OB. Capital accumulation C Separate legal entity D indefinitie A reason a company may purchase treasury stock is to A. decrease the amount of common stock issued B. support the company's stock price C. decrease net assets by buying high and selling low D. issue additional shares to current common stockholders