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(Answered) Use the appropriate information from the data provided below to


Use the appropriate information from the data provided below to
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Use the appropriate information from the data provided below to calculate operating income for the year ended December 31,2011.,

 

Research & Development expenses $86,000,

 

Loss from discounted operations $34,000,

 

Provision from income taxes $68,000,

 

Net Sales $1,022,000,

 

Interest expense $72,000,

 

Net cash provoded by operations $76,000,

 

Gross profit $292,000,

 

Selling, general & administrative expenses $62,000,

 

Accounts recievable $134,000,

 

Extraordinary gain from lawsuit settlement, net of tax expense of $26,000 - $90,000,

 


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