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Selected information taken from the financial statements of Fordstar Co

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Selected information taken from the financial statements of Fordstar Co. for the year ended December 31, 2019, follows: Net cash provided by operations Cost of goods sold Selling, general, and administrative expenses Accounts payable Dividends paid Research and development expenses Merchandise inventory Provision for income taxes Net sales Interest expense $ 33,000 144, 100 49,500 39,600 69,300 29, 700 48,400 18,700 403.700 45, 100 Required: a. Calculate income from operations (operating income) for the year ended December 31, 2019. Income from operations b. Calculate net income for the year ended December 31, 2019. Net income