**Answer:**

**a. Income from operation is $208,000**

**b. Net income is $66,000**

**Explanation:**

a. The computation of the income from operation is shown below:

**= Gross profit - operating expenses**

where,

Gross profit is $411,000

**And, the operating expenses = General and administrative expenses + Advertising expense + Other selling expenses**

= $84,000 + $76,000 + $43,000

= $203,000

Now put these values to the above formula

So, the answer would be equal to

= $411,000 - $203,000

= $208,000

b. Now the net income would equal to

**= Earning before interest and taxes - income tax expense**

where,

**Earning before interest and taxes = Income from operations - interest expense**

= $208,000 - $62,000

= $146,000

And, the income tax expense is $80,000

Now put these values to the above formula

So, the answer would be equal to

= $146,000 - $80,000

= $66,000