Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Rogue's operating income is equal to

Rogue's operating income is $770000

Step-by-step explanation:

Given data

Sales = $3,000,000

Cost of Goods Sold = $1,500,000

Depreciation Expense = $170,000

Administrative Expenses = $150,000

Interest Expense = $30,000

Marketing Expenses = $80,000

Taxes = $300,000

to find out

operating income

solution

we find income by this formula that is given below

income = Sale - Cost of Goods Sold - Depreciation Expense - Administrative Expenses - Interest Expense - Marketing Expenses - Taxes

so put now all these value to get the income

income = 3,000,000 - 1,500,000 - 170,000 - 150,000 - 30,000 - 80,000 - 300,000

hence

so Rogue's operating income is $770000