The following data applies for Question 2 and Question 3: Listed below are selected account balances for Wahl Company for the year ended December 20XX: Selling expenses Interest expense Cost of goods sold Administrative expenses Sales Rent revenue $380,000 15,000 3,800,000 580,000 5,850,000 16,600 Chapter 5 Question 2: (1 point) Required: Calculate the amount of the operating income. Omit $ signs. Chapter 5 Question 3: (1 point) Required: Calculate the amount of the net income. Omit $ signs