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  3. the trial balance for nikita, inc. for the year en

The trial balance for Nikita, Inc. for the year ended December 31, 2022 included the...

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Accounting

The trial balance for Nikita, Inc. for the year ended December 31, 2022 included the following accounts:

Sales revenue = $340,000

Cost of goods sold = $158,000

Selling and administrative expenses = $71,000

Interest income = $96,000

Other expenses = $45,000

Gain on derivatives = $13,650

Gain on investment securities = $2,027

  • The gains on derivatives and investment securities are unrealized and classified as other comprehensive income
  • Each component of other comprehensive income should be calculated net of tax
  • The companys income tax rate on all items is 30%

Based on the information above, what is the companys operating income?

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