Question: . Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014. Research and development expenses
. Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014. Research and development expenses $ 43.000 Loss from discontinued operations 17.000 Provision for income taxes 34.000 Net sales 511.000 Interest expense 36.000 Net cash provided by operations 73.000 Gross profit 146.000 Selling, general and administrative expenses 31.000 Accounts receivable 67.000 Extraordinary gain from law suit settlement, net of tax expense of $13,000 45.000
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