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Use the following information (in thousands): Sales revenue 300,000 Gain on sale of equipment 90,000 Cost of goods sold 164,000 Interest expense 16,000 Selling &

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Use the following information (in thousands): Sales revenue 300,000 Gain on sale of equipment 90,000 Cost of goods sold 164,000 Interest expense 16,000 Selling & administrative expenses 30,000 Income tax rate 30% Determine the amount of income from operations. Select one: a. 196,000 b. 76,000 C. 60,000 O d. 180,000

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