Check my work The following information is available from the accounting records of Spenser Co. for the year ended December 31, 2019: Selling, general, and administrative expenses $ 25,500 Accounts payable 42,500 Research and development expenses 18,500 Loss from discontinued operations, net of tax savings of $2,500 8,000 Provision for income taxes 37,000 Net sales. 289,500 Interest expense 32,000 Net cash provided by operations 74,000 Cost of goods sold 136,000 Required: a. Calculate the operating income for Spenser Co. for the year ended December 31, 2019. SPENSER CO. Operating Income Statement For the year ended December 31, 2019 Expenses: