Problem 4-25 (Algo) Calculate income from operations and net income LO 4-6, 4-7 Selected information taken...

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Problem 4-25 (Algo) Calculate income from operations and net income LO 4-6, 4-7 Selected information taken from the financial statements of Verbeke Company for the year ended December 31, 2022, follows: Gross profit General and administrative expenses Net cash used by investing activities Dividends paid Interest expense Net sales Advertising expense Accounts payable Income tax expense Other selling expenses Required: $ 414,000 80,000 108,000 52,000 62,000 748,000 77,000 104,000 82,000 41,000 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. a. Income from operations b. Net income Problem 4-25 (Algo) Calculate income from operations and net income LO 4-6, 4-7 Selected information taken from the financial statements of Verbeke Company for the year ended December 31, 2022, follows: Gross profit General and administrative expenses Net cash used by investing activities Dividends paid Interest expense Net sales Advertising expense Accounts payable Income tax expense Other selling expenses Required: $ 414,000 80,000 108,000 52,000 62,000 748,000 77,000 104,000 82,000 41,000 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. a. Income from operations b. Net income