Calculating Operating Income from Income Statement

During the preparation of an income statement, it is important to properly categorize various components of revenue and expenses. Consider a scenario where Company ABC reports the following:

- Total Revenue: $800,000

- Cost of Goods Sold (COGS): $500,000

- Operating Expenses: $200,000

- Interest Expense: $50,000

- Income Tax Expense: $30,000

Based on the information provided, which of the following represents Company ABC's operating income?