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Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2011. research and development expenses $86,000
Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2011. research and development expenses $86,000
loss from discontinued operations $34,000
provision from income taxes $68,000
net sales $ 1,022,000
interest expense $ 72,000
net cash provided by operations $ 76,000
gross profit $ 292,000
selling, general, and administrative expenses $62,000
accounts receivable $134,000
extradoinary gain from lawsuit setltlement, net of tax expense of 26,000.00 $90,000
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