Use the appropriate information from the data provided below:

Research and development expenses	$ 22,000
Loss from discontinued operations	8,000
Provision for income taxes	17,000
Net sales	255,000
Interest expense	18,000
Net cash provided by operations	38,000
Gross profit	73,000
Selling, general and administrative expenses	15,000
Accounts receivable	34,000

Required:

Calculate operating income for the year ended December 31, 2023.

Required: Calculate operating income for the year ended December 31, 2023