The following information is available from the accounting records of Spenser Company for the year ended December $31,2022$:

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 $$2,5008,000$

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:

Calculate the operating income for Spenser Company for the year ended December $31,2022.$

Calculate the company's net income for $2022.$