In June 2022, Gray Company recorded $400,000 in sales of washing machines consisting of with $320,000 of customers as accounts receivable and the remainder in cash. Rousseau Co. incurred and paid $175,000 in cost of the washing machines sold. Gray also paid $40,000 in salaries to its employees and paid down $45,000 in accounts payable. What is the amount of operating income for June 2022?

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