Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2011. research and development expenses $86,000

loss from discontinued operations $34,000

provision from income taxes $68,000

net sales $ 1,022,000

interest expense $ 72,000

net cash provided by operations $ 76,000

gross profit $ 292,000

selling, general, and administrative expenses $62,000

accounts receivable $134,000

extradoinary gain from lawsuit setltlement, net of tax expense of 26,000.00 $90,000