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The following information is available from the accounting records of Manahan Co. for the year ended...

The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2019: Net cash provided by financing activities $ 124,000 Dividends paid 19,600 Loss from discontinued operations, net of tax savings of $49,400 148,200 Income tax expense 25,427 Other selling expenses 14,100 Net sales 644,300 Advertising expense 47,900 Accounts receivable 60,500 Cost of goods sold 367,251 General and administrative expenses 142,400

Required:

a. Calculate the operating income for Manahan Co. for the year ended December 31, 2019.

MANAHAN CO.
Operating Income Statement
For the year ended December 31, 2019
Expenses:

b. Calculate the company's net income for 2019.

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Answer-:

a).

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