The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2016:

Net cash provided by financing activities	$	107,000
Dividends paid		19,900
Loss from discontinued operations, net of tax savings of $45,033		135,100
Income tax expense		28,168
Other selling expenses		10,400
Net sales		646,000
Advertising expense		45,800
Accounts receivable		59,800
Cost of goods sold		368,220
General and administrative expenses		141,100
a. Calculate the operating income for Manahan Co. for the year ended December 31, 2016.

MANAHAN CO.
Operating Income Statement
For the year ended December 31, 2016
Expenses:

b. Calculate the company's net income for 2016.