The information presented below corresponds to the company ABC: Retained Earnings, December 31, 2021 $650,000 Sales Income 1,600,000 Sales discount 100,000 Selling and Administrative Expenses 240,000 Loss on segment disposal (net of taxes) 290,000 Cash dividend declared on your common shares 33,600 Cost of Goods Sold 880,000 Other Income 120,000 Other Expenses 100,000 The tax rate for this company is 30% and during the year 2022 it had 80,000 common shares outstanding.

Determine operating income