The following information is available from the accounting records of Spenser Co. for the year ended December 31, 2016 Selling, general, and administrative expenses Accounts payable Research and development expenses Loss from discontinued operations, net of tax savings of $4,500 Provision for income taxes Net sales Interest expense Net cash provided by operations Cost of goods sold $45,900 76,500 33,300 14,400 66,600 521,100 57,600 133,200 244,800 Required a. Calculate the operating income for Spenser Co. for the year ended December 31, 2016 SPENSER CO. Operating Income Statement For the yea r ended December 31, 2016 0 Expenses b. Calculate the company's net income for 2016