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Business, 17.10.2020 19:01 nacgrading3p6d8pf

Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021, year-end trial balance contained the following income statement items:. Account Title Debits Credits
Sales revenue $ 14,200,000
Interest revenue 67,000
Loss on sale of investments $ 117,000
Cost of goods sold 6,370,000
Selling expenses 637,000
General and administrative expenses 1,690,000
Interest expense 57,000
Research and development expense 1,370,000
Income tax expense 917,000
Required:Calculate the company's operating income for the year.

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Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics....

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