Final answer:
The question involves finding the Operating Income by subtracting operating expenses from total revenues, as described in the accounting sections of a business textbook. It uses examples of such calculations provided in the chapters to explain the process.
Step-by-step explanation:
The question is asking to calculate the Operating Income, which is often used interchangeably with Income from Operations. This is a standard Business or Accountancy-related calculation that involves determining the profit made from the day-to-day operations of a company after subtracting all operating expenses from the total revenue. In other contexts, additional adjustments may be made for items like depreciation and taxes, but with the information provided, these do not seem to be relevant.
To fill in the missing values, we reference the provided chapters which discuss Accounting profit and a separate formula for Economic profit. Chapter 7 provides an example where the accounting profit is calculated as total revenues minus explicit costs, giving us $50,000, after subtracting expenses from revenues of $1,000,000. For another example, subtracting explicit costs of $85,000 from revenues of $200,000 results in an accounting profit of $115,000.