The Callie Company has provided the following information Op

The Callie Company has provided the following information: Operating expenses were $231,000; Cost of goods sold was $376,000; Net sales were $940,000; Interest expense was $32,000; Gain on sale of a building was $76,000; Income tax expense was $150,800; What was Callie\'s income from operations? O $188.000 o $156,000, O $232,000 O $333,000.

Solution

Income from operation = Gross profit - Operating expenses

= 564000-231000

= $333000

Option D is correct.