Question: The following data include all the elements from Cambridge Company's income statement: Administrative Expense $872 Cost of Goods Sold 3,627 Gain on Sale of Securities.

The following data include all the elements from Cambridge Company's income statement:

Administrative Expense $872

Cost of Goods Sold 3,627

Gain on Sale of Securities. 623

Income Tax Expense. 1,234

Loss on Discontinued Operations. 1,229

Loss on Disposal of Equipment. 237

Revenue. 8,766

Selling Expense. 1,425

What is the amount of operating income for Cambridge Company?

  1. $2,842
  2. $5,139
  3. $3,228
  4. $3,465

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