he following information is available from the accounting records of Manahan Co. for the year ended December 31, 2019:

Net cash provided by financing activities	$	105,000
Dividends paid		19,700
Loss from discontinued operations, net of tax savings of $42,667		128,000
Income tax expense		26,492
Other selling expenses		11,100
Net sales		643,700
Advertising expense		46,400
Accounts receivable		57,100
Cost of goods sold		366,909
General and administrative expenses		143,600

Required:

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

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