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W Selected information taken from the financial statements of Verbeke Co for the year ended December 31, 2019, follows Gross profit Generai and administrative expenses
W Selected information taken from the financial statements of Verbeke Co for the year ended December 31, 2019, follows Gross profit Generai and administrative expenses Net cash used by investing activities Dividends paid interest expense Net sales Advertising expense Income tax expense Accounts payable. Other selling expenses $206,000 41,000 53,000 26,000 31,000 372,000 38,000 51,000) 19,000 21,000 Required: a. Calculate income from operations (operating income) for the year ended December 31, 2019. Income from operations b. Calculate net income for the year ended December 31, 2019. Net income
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