Selected information taken from the financial statements of Ford star Co. for the year ended December 31, 2022, follows:

a. Calculate income from operations (operating income) for the year ended December 31, 2022.
b. Calculate net income for the year ended December 31, 2022.

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Net cash provided by operations. $ 12,000 Cost of goods sold 36,000 21,000 Selling, general, and administrative expenses Accounts payable. Dividends paid.... Research and development expenses Merchandise inventory.. Provision for income taxes.. Net Sales .. Interest expense... 11,000 17,000 5,000 24,000 7,000 110,000 9,000