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 $37,133		111,400
Income tax expense		25,586
Other selling expenses		12,900
Net sales		642,800
Advertising expense		47,200
Accounts receivable		56,400
Cost of goods sold		366,396
General and administrative expenses		143,200

Required:

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.