Which of the Following Correctly Describes the Impact of Collecting

Colby Corporation has provided the following information: • Operating revenues from customers were $199,700. • Operating expenses for the store were $111,000. • Interest expense was $9,200. • Gain from sale of plant and equipment was $3,300. • Dividend payments to Colby's stockholders were $7,700. • Income tax expense was $36,000. • Prepaid rent was $5,000. What is the amount of Colby's total operating expenses? A)$111,000. B)$114,300. C)$116,000. D)$120,200.

Colby Corporation has provided the following information: • Operating revenues from customers were $199,700. • Operating expenses for the store were $111,000. • Interest expense was $9,200. • Gain from sale of plant and equipment was $3,300. • Dividend payments to Colby's stockholders were $7,700. • Income tax expense was $36,000. • Prepaid rent was $5,000. What is the amount of Colby's operating income (income from operations)? A)$81,000. B)$83,700. C)$88,700. D)$92,000.