From the data below, calculate operating income for the year ended December 31, 2008
R & D = $86,000
Loss from discontinued operations = 34,000
Provision from income taxes = 68,000
Net sales = 1,022,000
Interest expense = 72,000
Net cash from operations = 76,000
Gross profit = 292,000
Selling, general expenses = 62,000
Accounts receivable = 134,000
Extraordinary gain from lawsuit settlement, net of tax expense of $26,000 90,000