Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021, year-end trial balance contained the following income statement items:

Required:Calculate the company?s operating income for the year.

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Account Title Debits Credits $12,500,000 Sales revenue Interest revenue Loss on sale of investments Cost of goods sold 50,000 $ 100,000 6,200,000 Selling expense 620,000 General and administrative expense 1,520,000 Interest expense 40,000 1,200,000 Research and development expense Income tax expense 900,000