Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2017.

Research and development expenses

$22,000

Loss from discontinued operations

8,000

Provision for income taxes

17,000

Net sales

255,000

Interest expense

18,000

Net cash provided by operations

38,000

Gross profit

73,000

Selling, general and administrative expenses

15,000

Accounts receivable

34,000