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Calculate Income from Operations for Jonas Company Based on the Following

Question 22

Multiple Choice

Calculate income from operations for Jonas Company based on the following data:  Sales $764,000 Operating expenses 52,500 Cost of goods sold 538,000\begin{array} { | l | r | } \hline \text { Sales } & \$ 764,000 \\\hline \text { Operating expenses } & 52,500 \\\hline \text { Cost of goods sold } & 538,000 \\\hline\end{array}


A) $485,500
B) $711,500
C) $173,500
D) $226,000

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