Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2017.
Cost of goods sold.........................................................$234,000
General and administrative expenses.................................96,000
Net cash provided by financing activities........................138,000
Dividends paid...................................................................32,000
Income tax expense............................................................22,000
Other selling expenses........................................................52,000
Net sales...........................................................................556,000
Advertising expense...........................................................78,000
Accounts payable...............................................................66,000