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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 Loks from discontinued operations, net of tax savings of $37,233 Income tax expense Other selling expenses Net sales Advertising expense Accounts receivable Cost of goods sold General and administrative expenses $106,000 19,000 111,700 27,422 10,400 644,300 46,200 57,700 367,251 142,100 Required: a. Calculate the operating income for Manahan Co, for the year ended December 31, 2019. Answer is not complete. MANAHAN CO. Operating Income Statement For the year ended December 31, 2019 Net sales Cost of goods sold Gross profit Expenses Advertising expense S (46,200) Other selling expenses (10,400) General and administrative expenses (142,100) OOO $ 644,300 367.251 $ 277,049 (198,700) $ 78,349 b. Calculate the company's net income for 2019. Answer is complete but not entirely correct. Net loss $ (120,351)

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