Research and development expenses $ 37,000
Net cash provided by operations $ 148,000
Cost of goods sold $ 272,000
Accounts Payable $ 85,000
Extraordinary gain from early retirement of bonds, $ 104,000
net of tax expense of $28,000
Provision for income taxes $ 74,000
Interest Expense $ 64,000
Selling, general and administrative expenses $ 51,000
Loss from discontinued operations, $ 16,000
net of tax savings of $5,000
Net Sales $ 579,000


Calculate the company's net income for 2005, including computations for
"Gross Profit, "Operating Income", and "Income from Continuing Operations".

Answer:
Net Sales = $579000
Cost of goods Sold= ($272000)
Gross Profit = $307000
Selling and General
expense ($51000)
Research and Development
expense ($37000)

Income from Operations $219000

Interest Expense ($64000)

Income before taxes $155000

Provison for Income taxes ($74000)

Income from continuing operations $81000

Discontinued Opeartions ($16000)

Earnings before extradinary items $65000

Extraordinary gain from early
retirement of bonds $ 104,000

Net Income $169, 000


Am i missing anything here? Where do i need to include Accounts payable section, net of tax expense, Net cash provided by operations and net of tax savings?

Please help me here?

Thanks