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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

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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 $47,867 Income tax expense Other selling expenses Net sales Advertising expense Accounts receivable Cost of goods sold General and administrative expenses $102,000 18, eee 143,600 27,860 10, 100 649,300 47,100 56,800 370, 101 142,400 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 $ 640300 370.101 Net sales Cost of goods sold Gross profit Expenses General and administrative expenses Advertising expense 279,100 3.142.400 47.1001 Other selling expenses $ 10.100 Operating income 100.000 $ 70,500

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