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    Calculate operating income, income from continuing operation

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    Use the appropriate information from the data provided below for the year ended December 31, 2009 to calculate the following:
    a. Operating income
    b. Income from continuing operations
    c. Net income

    Cost of goods sold $11,700
    Gen and admin expenses $48,000
    Net cash provided by financing activities $69,000
    Dividends paid $16,000
    Extraordinary loss, net of taxes of $32,000 $74,000
    Income tax exp $11,000
    other selling exp $26,000
    net sales $278,000
    advertising exp $39,000
    accounts receivable $33,000

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