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Selected information taken from the financial statements of Fordstar Co. for the year ended December...

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Accounting

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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 $ 15,000 65,500 22,500 18,000 31,500 13.500 22,000 8,500 183,500 20,500 Required: 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

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