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9-19 (Algo) Calculate operating income and net income LO 5 The following Information is available from the accounting records of Manahan Co. for the year
9-19 (Algo) Calculate operating income and net income LO 5 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 Dividends paid $112,000 18,100 Loss from discontinued operations, net of tax savings of $44,333 133,000 Income tax expense 26,227 Other selling expenses 12,700 Net sales 643,100 Advertising expense 46,800 Accounts receivable 56,800 Cost of goods sold 366,567 General and administrative expenses 142,100 Required: a. Calculate the operating Income for Manahan Co. for the year ended December 31, 2019. Expenses: MANAHAN CO. Operating Income Statement For the year ended December 31, 2019 b. Calculate the company's net income for 2019
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