Use the following information for Brief Exercises 11-19, 11-20 and 11-21: Barnard Manufacturing earned operating income last year as shown in the following income statement: Sales Cost of goods sold Gross margin Selling and administrative expense Operating income Less: Income taxes (@40%) Net income $4,000,000 2,100,000 $1,900,000 1,100,000 $ 800,000 320,000 $ 480,000 At the beginning of the year, the value of operating assets was $2,700,000. At the end of the year, the value of operating assets was $2,300,000.