Consider the following information: Cost of goods sold: $200,000 Income tax expense: $12,000 Research and development...

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Consider the following information: Cost of goods sold: $200,000 Income tax expense: $12,000 Research and development...

Consider the following information:
1. Cost of goods sold: $200,000
2. Income tax expense: $12,000
3. Research and development expenses: $42,000
4. Interest expense: $9,000
5. Net Sales: $702,000
6. Selling, general, and administrative expenses: $121,000

Calculate operating income for the period.

Calculate net income for the period.

business accounting

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