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The following financial information was summarized from the accounting records of Hickory Corporation's Northern division for the current year ended December 31: Total Operating Expenses $ 20,100 Net Sales Revenue 74,000 Cost of Goods Sold 30,900 The income from operations for the division is:

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Answer:

Net operating income= $23,000

Explanation:

Giving the following information:

Total Operating Expenses $20,100

Net Sales Revenue $74,000

Cost of Goods Sold $30,900

To calculate the net operating income, we need to use the following formula:

Net operating income= sales - COGS - Operating expense

Net operating income= 74,000 - 30,900 - 20,100

Net operating income= $23,000

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