The Filzinger Corporation's December 31, 2016 year-end trial balance contained the following income statement items:
| Account Title |
Debits |
Credits |
| Sales revenue |
|
6,550.00 |
| Interest revenue |
|
64,000 |
| Gain on sale of investments |
46,000 |
|
| Cost of goods sold |
4,275,000 |
|
| Selling expenses |
230,000 |
|
| General and administrative expenses |
918,000 |
|
| Interest expense |
24,000 |
|
| Research and development expense |
480,000 |
|
| Restructuring costs |
210,000 |
|
| Income tax expense |
139,000 |
|
Required:
Calculate the company's operating income for the year using a single-step income statement format.