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b. Calculate the company's net income for 2019. The following information is available from the accounting records of Manahan Co. for the year ended December
b. Calculate the company's net income for 2019. 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 Loss from discontinued operations, net of tax savings of $39,167 Income tax expense Other selling expenses Net sales Advertising expense Accounts receivable Cost of goods sold General and administrative expenses $108,000 19,600 117,500 27,674 11,100 648,300 45,300 58,800 369,531 143,300 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
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