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The Nellie Company has provided the following information: Operating expenses were $151,000; Gross profit was $770,000; Cost of goods sold was $570,000 Interest expense was
The Nellie Company has provided the following information:
| Operating expenses were $151,000; |
| Gross profit was $770,000; |
| Cost of goods sold was $570,000 |
| Interest expense was $27,000; |
| Extraordinary loss was $37,000; |
| Income tax expense was $222,000. |
| What was Nellie's operating income? |
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