Your parents said they can't afford to get you that new video game you've been begging for. To prove them wrong. you gathered the financial information for their business which reflects: Cash sales of $134,000. Credit sales of $288,000. Cash collections from customers for services not yet provided totaled $47,000. An $20,000 gain the sale of property and equipment occurred. Interest income $8,600. Given this data, what was their operating income for the year? $442,000 $497,600 $469,000 $430,600 Which of the following groups has primary responsibility for the information contained in the financial statements? The company's investors. The company's auditors The SEC (Securities Tw hange Commission) The company's managunent