Behrend Corporation Has Annual Sales of $5

Behrend Corporation has annual sales of $5.5 million, depreciation of $475,000, operating expenses of $689,000, cost of goods sold of $2.3 million, and interest expense of $230,000. What is the operating income?

A) $1,911,000
B) $2,036,000
C) $3,525,000
D) $4,000,000
E) $4,811,000